He has a point, something needs to be done, he got us through the banking crisis 2008 and is a very intelligent man.
Good old Gordon, forgot to turn his mike off and called a labour supporter bigoted, I call that stupid..
he was a 1 trick pony yep he helped guide us through the banking crisis but 1000's of small investors lost a lot of money through B&B and RBS ... I lost over £2k .. there was legal people who represented groups ... I was told by both ... by the time we take our fee you might owe us money ... you paid a deposit up front I think it was 15 years ago ........
You may not agree with his suggestions, but he seems to be the only one who’s grasped the seriousness of the situation, they are suggesting by this time next year gas/ electric bills for the average household is going to be £5k p/a that’s not sustainable. The measures being suggested by the 2 leadership contenders will not be anywhere near sufficient to deal with the situation. We are going to need measures similar in severity to the furlough scheme. I wouldn’t pretend to be bright enough to have an answer, but he has at least attempted to suggest solutions. Ultimately it will be the winner of the two leadership contenders who deal with the situation, I’m sure the solution will be much more far reaching than they are presently telling their members, as they are scared if they are honest at this juncture they won’t get elected by the narrow section of the population that are entitled to vote for our next PM.
You would borrow against it, you don’t sell.. What is there once your assets are sold off? Now we just print money for fun. One of the reasons why inflation is so high..
If the world wide banking system had failed we’d have all been in the brown sticky stuff edit it’s a long time ago so maybe my memory is playing tricks on me, but I seem to remember people queuing outside banks to take their cash out incase the banks collapsed. Had one of the major banks actually collapsed there would have been a snowball affect. Drastic measures were needed.
selling the gold was not a good idea at all ... especially when you look at the waste of £trn's of the initial bonus of evenue from the north sea oil .. labour inherited a reasonably stable economy supported up till then of funds / tax etc not including oil .... thats why the sudden boom first term of labour had the feel good factor .. very short sighted ness then led to a situation where the levelling down of oil prices left a massive gap .. selling the gold filled the gap, ths then led to higher borrowing as the UK had no back up plan [ um wonder if Gord and Nige are related?..lol ] the mass withdrawals were mostly from Building societies that were "going bust" .. B&B had just taken £millions [£bn?] off of shareholders the week before .gov sold it off to a Spanish bank for £600m less than the shareholders had just paid in!!!!!!!!!!!
The country obviously missed a trick, with your knowledge why were you not chancellor as you seem to know more about these things than he did. Maybe you are indeed Captain Hindsight?!
Nothing to do with knowledge, Just Gordon Brown saving his own skin and party......didn't give a toss how it was going to leave us financially, he would be out of it with others picking up the pieces..
We have. I agree......doesn't take away that GB blew the decent assets that we once had.. which was not intelligent.......
I believe had he not acted it would have been far worse, as I said it’s all about opinions, we’ll never know for sure as it’s all history now edit The way I see it is it’s like saying if we’d not sold our best players we’d be in a much better position now, the point is it’s selling our best players that allowed us to balance the books, you can’t have it both ways . i appreciate others think like you, and that’s fine, we all have different opinions. On my broader point in relation to the present crisis at least he has seemed to grasp the urgency and come up with some possibility solutions, which is more than either the government or opposition have done to date.
But still to this day controversial It was called one of the worst investment decisions of all time. https://www.bbc.co.uk/news/business-48177767
There will also be facts on the net that contradict your points, that’s the point of the net in encompassed different opinions
