Leatherhead Matters

“We will not put hard won economic stability at risk. No return to short-termism. No return to Tory boom and bust ….. It is Labour that is now the party for stability and growth.”

- Gordon Brown, Labour Party conference, 2000

So after just over a decade of Nu Labour we have:

1. The stock exchange at a record low (On 1st May ‘97 the FTSE 100 closed at 4425.00, Update 10.10.08: Today it closed at 3932.1)
2. Banks refusing to lend not only to the public but to each other.
3. Citizens returning to keeping their money under the bed because it’s safer than in a British bank
4. Inflation rising rapidly
5. Public sector debt spiralling into the stratosphere
6. Government repossessing citizen’s homes via the nationalised Northern Rock
7. Britain now just about the most indebted country (public + private debt)on the planet according to the IMF
8. A growing pensions crisis
9. The return of negative housing equity
10. Councils playing in the global casino & putting our money at risk in failed Icelandic banks

Oh and remember, Gordon our prudent Chancellor sold half our gold reserves at the bottom of the market losing the nation billions since the gold price has virtually quadrupled to over $900/oz

Well done Gordon. That’s quite a record of achievement