Are the investment markets really afraid of Gordon Brown?
If you listen to former Conservative Chancellor of the Exchequer Kenneth Clarke yesterday you may be mistaken for believing that Gordon Brown is the devil in disguise as far as the UK and worldwide investment markets are concerned. In a blatant attempt to attract negative comment and negative opinion from the investment markets the Conservative party has now gone on the attack regarding Gordon Brown's economic policies and his liking for tax rises.
While there is no doubt that Gordon Brown has made mistakes, as all governments in the past have, over the last few days it is becoming more and more apparent that his massive injections of taxpayer money into the financial system are paying dividends. Whether the actual "return" to taxpayers and businesses in the UK will be enough to justify the massive investment by the government remains to be seen.
As we have mentioned on numerous occasions, it is also worth remembering that Gordon Brown and his government were stuck in the eye of a hurricane when the credit crunch developed and quickly lead to a worldwide recession, the likes of which have never been seen before. What choice did Gordon Brown really have? Will he go down in history as the saviour of the UK economy?
Share this..
Related stories
Are there problems in the US banking system?
After news that the Financial Services Authority has fined a third Morgan Stanley dealer for alleged trading violations there are serious concerns about regulatory and monitoring systems within many of the world's largest banking companies. While the headlines today and tomorrow will centre on Morgan Stanley and the new fine issued by the FSA there are concerns that the worldwide financial system...
Read MoreMFI call in administrators
It has been revealed that UK giant MFI has today called in administrators due to weak demand, serious cash flow issues and a reduction in the credit lines available to the business. While the fact that one of the largest furniture retailers in the UK is struggling with trade is no surprise, the main issue is the fact that business was sold only a few weeks ago for one pound with many believing the...
Read MoreWhy Are Some Investors Buying Shares When The Markets Continue To Fall?
One peculiar aspect about the stock market which many people cannot get their heads around is the fact that for every buyer there needs to be a seller and vice-versa. So if the markets continue to fall and the doom and gloom is not lifting, why are some people still buying into companies which look as though they are in trouble?
To understand the stock market you need to understand...
Monitoring your finances in the good times and the bad times
As we approach yet another critical moment in the recovery of the UK economy, with a general election date to be announced very soon, it is vital that you monitor your finances both in the good times and bad times. Taking professional financial advice on a regular basis will allow you to plan ahead for the future and also react to circumstances which may happen from time to time and could have an...
Read MoreCan you reorganise your assets in a downturn?
As we move into the 2009/10 tax year there is still a general disenchantment with the UK economy and the short to medium term future. However, while many people may not have made use of their various tax allowances towards the end of the last tax year, there are still opportunities to reorganise our assets for the future, even in a downturn. When was the last time you spoke with your financial adv...
Read More