Brown sold off half of UK gold reserves, the issue was announcing that he was selling off a chunk, which sent already low gold prices further downwards, and returned a lower price. It was how much of it and when he did it that was "sub optimal". To make a fair comparison though, you would have to assess the return on assets acquired with the cash from selling gold, to the value of the gold today. I have no idea if it was or will turn out to be a good or bad decision, the timing with regard to selling the gold could have been better, but maybe the time was right to buy the alternative assets.Wasn't the "selling of the gold reserves" not actually true, but just a factoid that was repeated so many times it became accepted "truth" ?
I'm sure I read a credible article debunking the gold sale factoid a few years ago. If I could be bothered I'd research it again... but life is too short tbh.
definately true, though much overstated. the pensions raid was a far bigger impact, billions every year taken from our pensions to the treasury. people dont know or understand so dont bring it up. i recall it was £5bn a year at first and worth over £10bn a year now. encouraging PPP is bigger issue too, leading to a lot of the funding problems in health and education budgets, though i expect the Tories would have gone ahead with that anyway.Wasn't the "selling of the gold reserves" not actually true, but just a factoid that was repeated so many times it became accepted "truth" ?
I'm sure I read a credible article debunking the gold sale factoid a few years ago. If I could be bothered I'd research it again... but life is too short tbh.
Sure its a hard job but you´re not fooling me that competence is key to a successful career in politicsThere is no way that would have solved the problem. Can you imagine the likes of Farage etc if Leave had won by 52:48 just leaving it there and saying "OK, well we all agreed it had to be 60:40 so the question is put to bed now"?
It would have dragged on for even longer, until we'd have ended up having another referendum, which Leave probably would have won again, and then we'd still be in the process of arguing what Brexit was actually going to look like now.
Unpopular opinion, I'm sure, but have you considered that actually it is a really f***ing hard job? And that the overwhelming majority of the population would be utterly useless at it?
Good god - you do come across as a sanctimonious old bore. When will you let Brexit not affect your posts ? And to remind you yet AGAIN ( because you don't seem to understand how the UK electoral system works, despite me explaining it to you numerous times ) - you don't vote for a government - you vote for the person to represent you as an MP. So in 2010 I vote for the Tory candidate - who didn't get in. I've never, and could have never, voted for Truss ( either practically nor morally ) - but then Truss was voted in by a handful of Tories - I'd suggest many being well to do old people that live in well off areas such as Westdene and Withdean - exactly where you live. But of course, you are so rich you managed to move all your investments abroad - a very Tory and @Steve Foster attitude. NOBODY except Tory party members voted for Truss.Nice Idea, shame you've come to that conclusion nearly 5 years too late, but you knew what you were doing. As someone once said
And on the bright side, at least you got what you wanted
I think 'hard job' is a massive understatement. There is no way in hell I would want to be anywhere near that job for the money they earn. Even a normal MP. f*** that.Sure its a hard job but you´re not fooling me that competence is key to a successful career in politics
Yep, I vote “all of the “above”Where's the option for 'It's a stupid poll'?
There's too much to take into consideration to put one vote, multiple votes should have been allowed!
Good god - you do come across as a sanctimonious old bore. When will you let Brexit not affect your posts ? And to remind you yet AGAIN ( because you don't seem to understand how the UK electoral system works, despite me explaining it to you numerous times ) - you don't vote for a government - you vote for the person to represent you as an MP. So in 2010 I vote for the Tory candidate - who didn't get in. I've never, and could have never, voted for Truss ( either practically nor morally ) - but then Truss was voted in by a handful of Tories - I'd suggest many being well to do old people that live in well off areas such as Westdene and Withdean - exactly where you live. But of course, you are so rich you managed to move all your investments abroad - a very Tory and @Steve Foster attitude. NOBODY except Tory party members voted for Truss.
Corbyn would’At least we didn't get Corbyn tf
Sunak is so insignificant, he’s a gift to Labour. He will be a distant memory in the coming decades. A mega rich city boy that got a job he should never have got..
Sunak is the best in that he’ll see them out power for many a year.
Cameron was the entitled Etonian who introduced damaging levels of austerity and completely mismanaged the Referendum, thereby creating the opportunity for narcissists and grifters including Truss and Johnson to rise through the ranks. He is ultimately responsible for the awful state we are in now.....For me Truss by a country mile but Johnson 2nd worst ever . Since 2016 when Cameron stepped down been a total shit show
which is ironic when she isnt actually responsible for that. interest rates were already rising in reaction to inflation at 10% by the time she took office. the impact the Truss-Kwarteng budget was on bond market and Sterling. however it was such a large, sudden impact the BoE intervened, she was booted out and things corrected themselves within weeks. inflation and interest rates continued to track world markets, as they do today.If we're looking at damage done per day in office, then there's only one winner.
However, Truss was such a flash in the pan that history will view her as an irrelevance, or at best as an interesting statistical quirk given how pathetically short her premiership was. A lot of people are (understandably) voting for her due to the direct financial impact she had (and is still having) on them through higher mortgage rates. The truth is that at least some of that increase would have come anyway, yet that awful mini-budget gets the blame for the whole hike. The problems she caused will be mostly ironed out in the medium term, so her long-term negative effect on the country will be relatively small IMO. That said, she was entirely unsuitable for the job and I can't think of a good thing to say about her time in office (and even less since).
For me, it's Johnson.
The damage he has done to the whole institution of government will be long-lasting, both from the perspective of those working within it and the public's perception of it. All done with a smirk at the behest of his financial backers so he can enjoy the life of luxury he feels entitled to, yet is incapable of achieving through legitimate means.
The lies and obfuscation were off the scale, blatant and came with no apparent shame. It's all just a game to him and he just doesn't care what he destroys to get what he wants. A weak, yet dangerous man.
Good point well madeI voted Johnson. Cos he's a c##t.