What will Gordon Brown say at the World Economic Forum?
When Gordon Brown left for the World Economic Forum earlier this week he appeared upbeat and positive for the future. However, a damning attack by the International Monetary Fund earlier this week has blown apart his reputation for prudence and economic prowess. The suggestion that the UK economy is the weakest in the developed world and will be among the last to recover when the world economy improves has caught many in the UK government by surprise.
There is no doubting the Gordon Brown has been proactive on the economic front, attempting various liquidity injections and rescue packages over the last few months, but unfortunately none of these have yet to come to fruition. UK taxpayers are also staring a potential £20 billion a year tax rise in the face, which is likely to happen sooner rather than later in order to shore up the UK government budget.
In many ways the World Economic Forum is seen by many as a non-event as in public all attendees appear united when in fact they are very much looking after their own interests. The last few weeks have seen a substantial reduction in the popularity of Gordon Brown both in the UK and across the European Union after enjoying something of a honeymoon period in the early stages of the recession.
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