That idea only lasted a week then.
Last week we were told that we should join the euro forthwith. This week:
Don’t underestimate the capacity of very low interest rates and a devalued pound to help to put a floor under the economy.
Amazing really, that this week he praises the flexible exchange rate which last week he decided we should abandon.
1 response so far ↓
1 Brit_in_Aussie // Nov 23, 2008 at 10:52 am
Ah yes, it worked for Ken Clarke and it can work for Gordon Brown.
Last week you said it wouldn’t, but then a week is such a long time in economics, isn’t it Tim?
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