Why is Gordon Brown in the US?
After a rousing speech at the Labour Party conference there is confusion and disappointment at Gordon Browns decision to spend a few days in the US discussing the financial crisis. While there is nothing wrong in ensuring the interests of the UK are reflected in any move by the US Congress, could this not have been done with a number of phone calls to the US?
As the UK investment markets continue to struggle, mortgage lending all but dries up and house prices continue to head south there are concerns that the PM is embarking on a Tony Blair type whistle stop tour for his own ends. The sight of Mr Brown holding an impromptu press conference on the streets of New York further heightens the concern that he has become something of a small fish in large pond in the US.
The fact is that the UK's special relationship with the US all but disappeared after Margaret Thatcher left office as reflected by the rude behaviour of George Bush towards Tony Blair on a number of occasions. We need to be putting our own house in order before attempting to right the wrongs of the world - as they say, charity begins at home.
Share this..
Related stories
How Did It Go So Wrong For The UK Economy?
The Alistair Darling interview with the Guardian newspaper has 'let the cat out of the bag' in the words of Shadow Chancellor George Osborne. After months of refuting suggestions that the economy was on its knees and sinking it seems that the government - or at least Alistair Darling - has come around to this way of thinking. The signs are there, the pressure is building and this sheds a whole n...
Read MoreNational Express set for cash call
Rumours in the city today suggest that National Express is set to ask investors for an additional £400 million as the fallout from the East Coast mainline saga continues. As we covered in some of our recent posts, the company was forced to give back its franchise to the East Coast mainline as losses continued to mount and the company could see no way out the predicament. There will be a significa...
Read MoreHas the US economy emerged from recession?
While investors in the UK continue to digest the news that in the opinion of Mervyn King, the Gov of the Bank of England, the UK economy is moving out of recession, it appears the same may be happening in the US. Economic data from the US seems to indicate that economic activity has increased and the US would seem to be on a growth path once again.
If this is the case this will have...
How to get a Mortgage
Setting up your mortgage can be a daunting prospect, particularly for first-time buyers. There are so many things to consider, and making sure you get everything in order, and the best deal possible, can be difficult.
Get your deposit together
Your deposit is crucial in making sure that you are accepted for a mortgage when you apply. Lenders like to take some of the ris...
Read MoreIs Gordon Brown On The Way Out?
The headlines across all of the newspapers today are concentrating on what many see as an inevitable leadership challenge for Gordon Brown after the disastrous Glasgow East by-election. To put the set-back into context this is a seat which Labour has held for over 100 years in some shape or form, this was also the 25th 'safest seat' on the Labour hit list and one which not even the SNP thought th...
Read More