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A few weeks back I found this fantastic January 09 article by Norman Lamont. Despite my delay in commenting on it, this type of material is unfortunately set to have a rather long shelf life, unfortunately for us Britons; Gordon Brown is set to wreak further havoc in the economy before the fat lady sings eventually.

Lord Lamont argues that Brown is “like an arsonist posing as a firefighter”. What does he mean by that?

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When will this government at last start cutting its wasteful spending, the money it has been squandering for years, and money that – surely – it is now seeing it cannot afford to throw around any longer?

We are now finally hearing admissions about the mammoth scale of government debt UK’s accumulated over the recent years and especially in the aftermath of the financial sector fiasco, and that Britain will be saddled with this debt for 20 years or more. Debt that both us and the next generation will have to shoulder and pay for through higher taxes whilst the government is stuggling to balance its books and finds that its income is lower than its expenditure. None of these forecasts make pretty reading, but let’s face it, we were all aware something of this magnitude was about to start unfolding.

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The onset of the recession on the UK High street has not really been noticeable up until now, but is starting to get quite visible.

We live in a small town in England. One could call our county fairly affluent, but it’s still a small town (full of history, too many tourists on Bank holiday weekends, some shabby buildings, some shops stuck in the 1960ies, and hundreds of grannies going about their chores on a daily basis… you know what it’s like).

There are plenty of shops in our town. There has been a move towards “premium shops” in the last 4 years that we’ve been here. A deli opened up and Costa coffee made its mark, loud and proud as it always does, on the main square (at least it’s not Starbucks, I say). But the outlook is changing. Read the rest of this entry »

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