Date archive for October, 2008
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Shares fair
The one thing the government should not do in the current circumstances is accede to the demands of the banks to alter the conditions of the bail-out plan announced earlier this week. Their attempt to change the terms of the deal in order to pay dividends to their shareholders – which they would only be able to do off the back of money pumped in by the taxpayer – is a recipe for shoving public money into the banks through [...]
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Same old blues
David Cameron used his main speech of the week today to reiterate the message of his emergency speech on the economy yesterday – his call for unity in the face of the financial storm. We must put our differences aside to achieve financial stability; we will not allow what happened in the US to happen here, he says.
Yet his message of unity is aimed purely to dampen the growing sense that there really is a difference between the parties on [...]
