The Coming Economic Downturn

Just flicking through this morning’s Pink ‘Un must be grim reading for Darling and Brown:

UK home affordability hits 15-year low

Decline in UK confidence hits hiring

UK producer price inflation hits 16-year high

The authoritative investment bank Morgan Stanley is now predicting a U.S. recession next year. Given that the British economy is debt-bloated and during the feast years Gordon just splurged on more spending rather than putting something aside for a famine, the U.K. economy is heading for a very hard-landing next year. The Tories will be very glad that Gordon didn’t call that election. Happy Christmas…

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