THE LAST DITCH An Englishman returned after twenty years abroad blogs about liberty in Britain
The speech every Tory should be making
Burning our money: Open Ended Taxpayer Bank Guarantee

Northern Rock: Gordon Brown's big gamble - Telegraph

Link: Northern Rock: Gordon Brown's big gamble - Telegraph.

"Brown's big gamble?" Or ours? Once again, even the Telegraph fails to recognise that our "prudent" Prime Minister is a mere trustee of the nation's wealth. It is not his to gamble.

I love the way the Northern Rock affair is described as a "contagion" which may spread. Given the government's handling of the foot and mouth crisis caused by its own negligence, it might do better to avoid such metaphors.

In truth, what is happening in the financial services sector is not a disease. It is not even unhealthy. It is the return of sanity after ten years of madness. But to a Government which has derived its popularity from the delusions brought on by that madness, sanity is a very ominous prospect.

Comments