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Just when you think each week it cannot get any stranger, it just does! Last week we entered a brave new world for all businesses by having the lowest interest rates for 57 years. The unchartered waters this steers us into makes for the most unpredictable of times.
We are seeing the Pound sink before our eyes against the Euro and the Dollar. We are crippling responsible people who have saved all their lives by eroding their standard of living with hastily passed on savings cuts. All the while trying to get the mortgaged and the debt laden out of the jam they created for themselves.
In the meantime businesses are descending in to administration and liquidation; homes repossessed and banks squirreling what money they have and keeping tight hold of it. We are truly living through extraordinary times.
Then after being invisible for awhile Gordon Browns leaps out and announces a new plan to stop the repossessions with interest holidays and the Government getting a share of the homes! Done with very little consultation but a whole lot of confusion in banking and financial circles. Also with remarkably little press coverage!
And as if to prove some MPs do not make good role models nor have much moral fibre. We have Jacqui Smith and Michael Martin running around blaming everyone but themselves for the bizarre arrest of Damian Green, the Conservative MP who was arrested and interrogated for 9 hours.
When can we get back to some normality – or is this how it is to be!
05 Dec 2008 09:02:18