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Just when many analysts had come to terms with the 3.5% rise in retail sales in May and the fact this did not seem correct, June has seen a fall of 3.9% in sales – the worst fall in 22 years. The...
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Friday 16th May 2008
Despite possibly the worst month since he began his spell in office, the Prime Minister Gordon Brown has today re-iterated his view that he is the man to lead the UK economy. He believes that his knowledge of world markets, of economic cycles and the corporate sector ensures that he can steer the UK economy through these choppy waters.
Gordon Brown has come in for some serious criticism from not only the voting public but also his own back benchers. This pressure is believed to have been the catalyst for the recent £2.7 billion tax rebate, a move which was surprisingly funded by increasing the national debt. Finally it seems that the criticism aimed at the Prime Minister is starting to hit home and he seems set to adopt a more “voter friendly” demeanour.
However, the move to increase national debt seems to fly directly in the face of Mr Browns own “golden rules” from the days when he was leader of the Treasury, prompting calls of an election giveaway from the opposition parties. Many observers are sceptical about the apparent change in policy and the fact that during the boom years the government do not appear to have made provisions for the lean years. |
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