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Who is ultimately to blame for the crash in the UK economy?

While Gordon Brown has taken significant criticism in the short term regarding the UK economic situation and the ever growing national debt, is it really Gordon Brown's fault or is he merely caught up in a very difficult worldwide situation?

The truth is that the UK economy has to all intents and purposes followed the path of the worldwide economy which began to suffer when credit was taken away from money markets and more financial companies felt the pinch. Risky investments in the 1990s and earlier have now come to fruition with more and more companies admitting they were exposed to volatile areas of the market with many of them unaware of exactly how they would be impacted by a credit crunch.

Unfortunately many companies found out to their detriment that the splicing of mortgage arrangements, loans and other debt instruments made a very difficult situation even worse and ultimately the money markets fell like a pack of cards when the ground began to move underneath them. Even though Gordon Brown has not help the situation by his spend, spend, spend strategy throughout his term at the Treasury and Number 10, it is very difficult and unfair to blame everything on his actions.

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