Tag Archives: nationalisation

Daily View 2×2: 1 July 2009

By Stephen Tall | Published 1st July 2009 - 9:03 am

2 Big Stories


British economy in worst state in over half a century

Perhaps it’s the sweltering weather, perhaps recession fatigue has set in, but there is little reaction to yesterday’s startling news that the British economy contracted by 2.4% in the first quarter of 2009 – the worst decline in more than 50 years. It isn’t the main story for even one of the newspapers, though it led all last night’s TV news programmes. Lib Dem deputy leader Vince Cable underscored the seriousness of the data:

The biggest three month fall in GDP in more than half a century is a clear

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CommentIsLinked@LDV: Vince Cable – A desperate attempt to revive a corpse

By Stephen Tall | Published 20th January 2009 - 7:16 pm

Over at The Times, Lib Dem deputy leader Vince Cable explains that the second bailout shows that the Labour Government has acted as imprudently as the banks themselves. You can read it in full here – and I recommend that you do – but here’s an excerpt in case you need any further tantalising:

It is clear that the conditions set by the Government over the original capitalisation was a sham. No effective monitoring and controls were put in place to ensure that the money went where it was intended. The banks do not even seem to have been required

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Posted in LibLink | Also tagged , , | 2 Comments