The return of Robin Hood? Well no. Not quite. Not yet. Maybe next year?
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Well whadda ya know. After waiting almost two decades for it to happen, there are at long last some real differences starting to appear between the two main British political parties, if only in how they would each manage the country’s finances in recession rather than in sincere ideological terms (both still love the money men, even though they can no longer do no wrong).
tags: Alistair Darling, budget, Chancellor of the Exchequer, credit crunch, David Cameron, George Osborne, Labour, pre-Budget report, public finances, public spending, tax and spend, Tory, United Kingdom, VATInconsistent talk from the Chancellor
As stock markets the world over continue to convulse, the UK Chancellor Alistair Darling has told MPs that European countries need to work more closely together when responding to the financial crisis. But at the same time as he called on EU members to co-ordinate action, he stopped short of following the example of other governments in guaranteeing all bank savings. “When member states take unilateral action, it does have a knock-on effect,” he said.
Ah, but globalisation, whether we see it as good or stinkingly bad, requires countries the world over to work together—which they seem unable, so far in this crisis, to do.
tags: Chancellor of the Exchequer, credit crunch, governments, money, policy, stock markets
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