Honestly, I don't see how he recovers from the 10p catastrophe. How do you argue for helping low-wage workers with savings when you just raised their income taxes?
Brown's vision is essentially that of a less coherent, and mildly retarded, Alan Greenspan. Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin
And we all know what happens when you turn four corners in a row :-P
- Jake If you only spend 20 minutes of the rest of your life on economics, go spend them here.
But he's not going to be cutting jobs at the Treasury and making Treasury seat-fillers accountable.
So we'll probably see yet more spending on consultants who cost a fortune and whose answer to saving money is to offer yet more consultancy.
Brown's tragedy is that this heart is more or less in the right place, but he's completely lacking in either the vision or the charisma needed to create any positive changes which aren't trivial and superficial.
Savings schemes for low income earners is a good 'un. As prices on everything go up, there's going to be plenty of opportunity to use those to the full.
a savings scheme for eight million low earners
The problem is that none of the poor sods has anything to "save" any more.....
European Tribune - Comments - LQD: UK New Sense of Direction??
The PM pledged more help for first-time buyers,
....while any subsidies to first time buyers merely serves to prop up already daft land prices. "Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky
