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’Old world news values in the ‘New World Order’
It’s official, forget the world as we knew it. We are now living in a New World Order (NWO), according to Gordon Brown and his G20 pals.
But just to reassure you that the “old” world still exists,
Toytown economics – then and now
A charming little tale has come our way – one published in the Independent some time ago…
Debt is a dirty word that dominates economic debate in Toytown today. This is why.
A decade ago the only house in Toytown was owned by Big Ears.
Brown signals support for Lloyds chiefs
Gordon Brown signalled strong support on Sunday for the two Lloyds bank chiefs who helped him rescue HBOS, the FT reported. Sir Victor Blank, chairman of Lloyds Banking Group, and Eric Daniels, chief executive,
Brown coos congress
In case you missed it, the saviour of the financial universe Gordon Brown’s Wednesday address to congress went down a treat. Gordon’s dulcet tones were met with applause, a standing ovation and even a wolf whistle or two (we think).
Depression *alert* – politico edition
We had the first from a major investment bank economist last week, now we have the first from a major politician.
LONDON (AFP) – Prime Minister Gordon Brown acknowledged Wednesday that the world is in a full-blown economic “depression,”
Dear Jim Rogers… (Cc: David Cameron)
RBS analysts wrote a thoughtful letter to Jim Rogers earlier today – in riposte to his “Armageddon-esque vision of Britain”.
Perhaps they should Cc. in David Cameron…
David Cameron warned yesterday that Britain was “running the risk”
As gone as gold
Gold hit a new record in sterling yesterday after the UK currency fell to a 23-year low against the USD. Too bad the UK really doesn’t have any of it left to sell.
(HT Sean Corrigan at Diapason Commodities).
Brown accuses RBS of ‘irresponsible risks’
Gordon Brown on Monday unveiled a second bank rescue package including powers for the Bank of England to lend up to £50bn directly to businesses, as he accused Royal Bank of Scotland of taking ”irresponsible risks” as the bank’s shares collapsed.
Brown plays down second bank injection
Britain’s banks may need another injection of capital from the taxpayer, Gordon Brown acknowledged Sunday, but the prime minister insisted the prospect was not seen as a matter of urgency. Brown and Alistair Darling,
Gordon Brown saves world, now banks
Dec. 12 (Bloomberg) — Prime Minister Gordon Brown said the U.K. is working on the “second stage” of a bank rescue intended to channel more cash to consumers and businesses as the economy slides into recession.
We’re all going on a mortgage holiday
Fresh from the realisation that Gordon Brown’s mortgage holidays may only help 9,000 people in the UK (according to Margaret Beckett), Moody’s now puts another spanner in the works for the government’s illustrious plan.
Osborne sets scene for UK tax rise
Shadow chancellor George Osborne will today pave the way for tax rises under a Conservative government while warning against a “tax con” short-term cut by UK Prime Minister Gordon Brown. The Tories are concerned that the PM is using the recession to prepare a toxic financial legacy for an incoming David Cameron premiership after a June 2010 election.
Brown calls for worldwide bail-out fund
UK Prime Minister Gordon Brown yesterday spearheaded calls for a multi-billion pound “bail-out fund” to prevent the global crisis spreading to more countries, and warned of the need to stabilise economies “across eastern Europe”.
Brown warns of unemployment rise
UK Prime Minister Gordon Brown has warned of increasing unemployment as he defended plans to raise government borrowing to mitigate the impact of the looming recession. The PM admitted implicitly that the downturn will cost increasing numbers of jobs,
Darling to scrap Brown’s fiscal rules
Alistair Darling is planning new targets for cutting borrowing and formal external oversight of the public finances as part of proposals to replace Gordon Brown’s fiscal rules. The chancellor will use Wednesday’s Mais lecture formally to scrap the rules introduced by Brown when Labour came to power in 1997 and give the green light to higher levels of borrowing as the UK enters recession.
Brown set to borrow more
Gordon Brown on Monday insisted the government would spend its way through the downturn, in spite of a slump in tax receipts and warnings that the Treasury’s fiscal rules will be smashed by record levels of borrowing.
Paulson gets Krugmanned – and Gordon loves it
In his wildest dreams, Gordon Brown wouldn’t be able to pay for this kind of publicity, yet it’s just what Hank Paulson, George Bush, John McCain and other Republicans don’t need right now – the ‘beatification’ of their most trenchant critic,
Brown attacks Irish bank guarantee
Gordon Brown on Thursday piled pressure on Ireland to stop banks using a new €400bn (£313bn) government guarantee to poach business from British rivals, amid signs that it could trigger a flight of funds across the Irish Sea.
HBOS falls on Lloyds deal fears
The rescue takeover of HBOS by British rival Lloyds TSB will go ahead despite sharp falls in the target bank’s share price, Gordon Brown, UK prime minister, insisted on Tuesday in response to speculation that the deal would have to be renegotiated.
Brown attacks ‘irresponsible’ City bonuses
Huge bonuses for bankers came under heavy political fire from UK prime minister Gordon Brown on Sunday, as the City of London watchdog vowed to crack down on the pay package deals that fuelled dangerous risk-taking.
Lombard: What Gordon Brown really thinks about banks
Gordon Brown, UK prime minister, is due to meet British bank bosses on Tuesday to discuss how to relieve pressure in the mortgage lending market. He will emerge later to say it was a “constructive” discussion,
Northern Wok?
Well, it is all the rage.
And the bearded one is currently hobnobbing alongside prime minister Gordon Brown on a business-led visit to China, which must surely throw him into the path of some wealthy eastern types,
UK faces ‘dangerous’ year, says Brown
Gordon Brown on Sunday warned that Britain’s economy faces a “dangerous” year ahead, saying rising energy prices and higher pay awards could undermine his pledge to “break the back of inflation”.
… As Rock confirms dividend, Brown defends role
Gordon Brown on Sunday defended the government’s handling of the Northern Rock crisis and the system of banking regulation that he put in place in 1997. Mr Brown said the system, which splits regulation between the Bank of England,
Brown to protect UK business tax relief
Gordon Brown is determined that any clampdown on the tax breaks enjoyed by private equity should not hit other business taxpayers, according to government insiders. The prime minister-elect is resisting pressure to scrap generous capital gains tax reliefs on business assets,