Tail-End of a Labour Government, Pound Collapses
Government borrowing is at record levels, unemployment is heading towards two million, car workers are on a 3-day week, public sector workers are threatening strikes, nationalisation is back, Deripaska-owned Leyland is even in back the news and we are entering a recession. To complete the whole 70s era feel we have a sterling collapse. 6% last night, 20% since the beginning of the year.

The BBC’s business editor is focusing on political gossip. Guido will therefore have to take up the slack on the business reporting front…

mdi-tag-outline Boom to Bust
mdi-timer October 22 2008 @ 07:44 mdi-share-variant mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-printer
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