Why Is Gordon Brown So Quiet?
In the good times Gordon Brown is regularly splashed across the TV screens but there are growing concerns that the PM is running scared even after last weeks relative success against the Conservative Party and the David Davies saga. At a time when the Chancellor has been feeling some serious heat from those in the City, with many concerned that the UK economy is about to fall off a cliff, where is Gordon Brown?
Historically in an economic crisis we would see the likes of Tony Blair and Gordon Brown side by side backing up each other against the press and financial sector. However, aside from the Northern Rock rescue there has been very little co-operation between Alistair Darling and the Prime Minister prompting speculation that there is a growing rift between Number 10 and the Treasury.
It is widely known that Alistair Darling was not best pleased having to take much of the blame for the 10p tax allowance farce, an episode which severely dented his reputation within the City. There has also been much speculation that Darling will be replaced as Chancellor in the next cabinet shakeup, although some even suggested he would have gone by now had the post not been seen as something of a poisoned chalice at the moment.
Share this..
Related stories
212,000 skilled migrants to enter UK this year
Around 212,000 skilled economic migrants are expected to enter the UK this year, according to new research. A report from the Centre of Economics and Business Research (CEBR) predicts that the majority of the migrants will come from the education, health and government services sector. The report also said that the number of skilled migrants resident in the UK will have risen to 812,000 by 2012. T...
Read MorePain for savers with frozen interest rates
Many savers are seeing the value of their funds diminish as interest rates continue to fall behind the rising cost of living. The Bank of England has announced that the record low Bank rate of 0.5% will remain for another month. Some rates for instant access accounts stand at 3%, those being most generous as this is currently the same as the rate of inflation. However, the average instant acces...
Read MoreDon't get sucked in by the mortgage sector hype!
While liquidity in the UK mortgage market has been reduced somewhat over the last couple of years we are starting to see competition emerge and various offers appear. However, it is essential that you are not blinded by any potential short-term bargains and short-term discounts to the detriment of your long-term financial health.
We've all seen those "teaser" mortgage agreements whi...
Insider dealer jailed for eight months
A former general counsel to telecoms company TTP Communications was today jailed for three months in connection with a long-running insider dealing investigation. This is a story we covered a few days ago whereby the solicitor allegedly passed on confidential information regarding TTP Complications to his father-in-law. His father-in-law then acquired shares in the business crystallising a substan...
Read More2008 ends on a disappointing note for the banking system
It has today been revealed that many Nationwide customers are missing December salary payments which have not yet been credited to their accounts. It appears that after an "overnight processing problem" a number of accounts have not been updated with automatic debit and credit payments leaving many customers short of funds and possibly facing late payment charges for direct debits which have not b...
Read More