Lord Mandelson launches ferocious attack on George Osborne
Lord Mandelson, who is basically an unelected member of the UK government, has today come out fighting on behalf of the Labour Party suggesting that the UK financial sector does not want George Osborne as the next Chancellor of the Exchequer. He is suggesting that the vast majority of investors in the UK believe that George Osborne is the weak link in the Conservative party and more interested in politics than economics. So is this true?
There is no doubt that Lord Mandelson is attempting to muddy the water as we approach the critical run-up to the general election and by highlighting what many people see as the weak link in the Conservative party he is hoping to place doubt into the minds of voters. However, when you consider how the UK government has recently handled the UK economy itself there would appear to be little room for manoeuvre and a danger of this attack backfiring.
Forecasts after forecast after forecast have proved to be incorrect and UK investors and UK voters have been given false hope over the last two years. At a time when UK national debt is estimated to be over £1 trillion, UK consumer debt is at record highs and the UK budget is out of control, should we really be listening to a government at the centre of all this mayhem?
Share this..
Related stories
Do the G20 meetings actually make a difference?
As we approach the G20 meeting in London there is a varying opinion as to whether these summits actually work and ultimately what they gain. In the current economic environment while in public everybody pulls together there is very much an "us and them" mentality behind closed doors with each and every European and worldwide government looking to solve its own problems first.
What w...
Gordon Brown takes over the EU summit
It seems very much that Gordon Brown is on the move, he is on a roll and he wants the whole world to know about it!
After taking his place at the ongoing EU summit in Brussels which is discussing how to combat the European banking crisis, Gordon Brown has literally taken over. He has challenged EU leaders to move to stage two of his UK blueprint and look at how regulations across t...
Budget Headlines : Government defends unemployment figures
Government defends unemployment figures...
Read MoreOnline retailers predict £400 million Mad Monday
Today is officially the first day of Christmas for UK retailers with online retailers especially confident that this Christmas will mark a turning point in the online arena. Online retailers are expecting a £400 million surge today as consumers look to bag the best bargains ahead of the festive period with seemingly more offers and promotions available online than ever before. While there is n...
Read MoreProspering in a recession
Matt Brittin, the UK managing director of Google, has confirmed the thoughts of many entrepreneurs with his view that the Internet has allowed many "inventive" entrepreneurs to prosper during the ongoing recession. There is no doubt that the ability to seek out and target niche markets has proved very lucrative even in this most difficult of trading periods and more and more business people are mo...
Read More