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Back to the topic....
You can see from today's IMF report why this man has said Sterling is 'finished'...
The UK economy to shrink by 2.8% in 2009. Compare that to the: US by 1.6%, Germany 2.5%, France 1.9%, and Japan 2.6%
Overall the Global economic growth will fall to 0.5% in 2009, lowest rate of GROWTH since World War II. That alone puts paid to Brown's 'helpless in the face of a world slowdown' claim - some countries will have enough growth to offset those that shrink.
Then look to 2010, the UK economy to grow a meagre 0.2% in 2010 compared to Global growth of 3%
Now, what was it Gordon Brown keeps repeating, oh yes, I have found the exact quote:
"Britain is better placed than any other country to weather the recession."
Isnt it time he 'fessed up and replaced the word 'better' for 'worse' - no-one believes him and there is no data to back him up.
Incidentally, they also say the prospect of the UK going effectively bankrupt cannot be ruled out.
That's not David Cameron doing mischief, it's the world's pre-eminent economic institution.
Isn't it about time Brownr acknowledged that his economic policies have made matters worse for the UK compared to elsewhere? How much longer can Brown remain in denial?
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