30 January 2009

Brown is beginning to panic

The Times reports that Brown has ordered the building new council houses.

These bits of the article stand out:

Mr Brown has the support of Margaret Beckett, the Housing Minister, in pushing through new regulations, according to government sources, but Alistair Darling, the Chancellor, is said to be resisting proposals that could add billions of pounds to public debt.

and

Figures published yesterday suggest that about 1.2 million people now owe more money on their home than it was worth last month after house prices fell for the fifteenth month in a row. This figure could more than double to three million by early next year – twice the number of households that were in negative equity during the recession of the early 1990s.

Two points.  Is the Treasury now starting to agree with Cameron’s warning on debt?  Has the parting of the ways started between Brown and Darling?

Brown is beginning to panic with desperate daily measures that are not being thought through.

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2 comments:

  1. "Two points. Is the Treasury now starting to agree with Cameron’s warning on debt? Has the parting of the ways started between Brown and Darling?"

    You've hit the nail on the head! The wheels are coming off the Brown (saviour of the world) wagon. We are just about getting to the "two wheels" bit now.

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  2. Surely you mean one wheel Ted. I won't analyse it as it bores me enough but I calculate it's perhaps just about on a penny-farthing.

    If you're under 40 you won't know what I'm talking about :)

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