The quarter one GDP figures released today showed the UK economy shrank by 1.9% just two day after Darling had predicted a 3.6% decline for the whole year. This shows how far off the market he was and was generally trying to deceive the mass of the population. This means that the public cuts will [...]
Budget is to pay for bail out of banks
Unable to raise money on financial markets because our IOUs (Gilts) are worth nothing – in line with Portugal and Greece
Deficit for 2009 at over 12% biggest of the G20 countries
Big cut in public spending and over the near term and medium and long term
Tax rises after [...]
In an incredible admission that a wave of countries from the periphery of the European Union to emerging markets to Eastern Europe to major countries such as the UK, the G20 has quadrupled the size of the International Monetary Fund to an incredible $1 trillion.
This fund will be used to bail out bankrupt countries and [...]
