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Is it time to stop throwing good money after bad?

As the reality of the $1.1 trillion G20 funded rescue package hits home today many people are starting to question whether it is time to stop throwing good money after bad. The UK economy has received literally billions upon billions of pounds of taxpayer's money and despite all the fanfare of the $1.1 trillion G20 package we have seen no return on the significant investment so far in the UK economy.

Many economic experts are now suggesting it is time to sit back and reconsider the way ahead because the strategy of throwing good money after bad is having little or no impact. The UK authorities have literally ploughed hundreds of billions of pounds worth of funding into the money markets and into the banking sector but so far this has disappeared with no trace. The banks are stronger, consumers are weaker and liquidity in the mortgage and loan market is still rock bottom.

There had been speculation some time ago of a scorched earth policy from Gordon Brown which would literally leave the next UK government with very little room for manoeuvre. Whether this is the case in reality is highly debatable but so far the UK economy has failed to respond.

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