A brown economy
The value of property has decreased more than it has increase.Inflation figures have held steady at 2.5% this month. Sales in the retail sector have dropped by 1.6% compared to the same period last year. The Pound has fallen against the Euro and anything more that i write will make it sound like we are all doomed.
Maybe thats what Gordon Brown thought before arranging the talks today with bosses from the major banks like Barclay’s, Royal Bank of Scotland and HSBC. Downing street said that it wasn’t a crisis meeting but it had been in the prime minister’s diary for some. Oh what a coincidence – the prime minister had booked a meeting with the leaders of our major banks for a chit chat over some tea and biscuits and a global credit crisis turns up to the meeting too.
Gordon is set to meet with the major financial institutions in America soon to discuss the crisis.
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