Soldato
- Joined
- 28 Nov 2008
- Posts
- 8,725
- Location
- UK
For anyone who still believes Gordon Brown was a fine chancellor, and in no way contributed to our weakened position post-crisis:
- 2001: Adam Smith Institute warns that the “Chancellor is riding for a fall”, and that “the undermining of the competitiveness of the economy since 1997 could leave Britain particularly vulnerable.” (Telegraph)
- 2001: Gordon Brown warned about the dangers of the personal borrowing bubble and potential downturn. The warnings are ultimately ignored. (Telegraph)
- 2003: The IMF warns Gordon Brown that he will breach his own borrowing rules, and stresses the need to cut the mounting public spending deficit. (BBC)
- 2004: The OECD warns Gordon Brown about mounting budget deficit and rate of government borrowing. (BBC)
- 2005: Gordon Brown changes the economic cycle time-frame in which he measured his ‘golden rule’, so that he wouldn’t break it. (Channel Four) (BBC)
- 2005: UK has slowest rate of growth in 12 years. Gordon Brown “still didn’t heed warnings of slow-down”. (BBC)
- 2005: Gordon Brown is warned he is ”on thin ice with the economy”. (BBC)
- 2005: The CBI warns Brown about the criticality his widening budget deficit and spending ‘black hole’. (BBC)
- 2005: “The fact is [Gordon Brown] had already run out of money this time last year” - 2005, Ernst and Young Item Club, leading forecasting group. (BBC)