No Boom. Just Bust.

The latest insolvency figures are out. Gordon has certainly put an end to the boom, just not so sure about the bust. Is it a prudent moment to put £30 billion of public money into Northern Rock’s mortgage risk as property prices turn down?

Today’s Bank of England interest rate cut is a vote of no confidence in the economy…



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Quote of the Day

Stella Creasy at Jewish Labour fringe event…

“I was going to say something about how good it is being a Jew in the Labour party at the moment… but someone told me you guys don’t get irony.”

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