It’s the ‘general election that never was’ all over again. New Labour have spent so long pratting around, unable to make a decision over the inappropriately named Northern Rock (more like a millstone round all our necks) that they have now left themselves with no option but to nationalise it, ‘temporarily’.
Not content with exposing the taxpayer to £55 million liability, in a spectacular example of Nick Leeson-onomics, New Labour have gone double, or nothing - ramping the exposure up to £110 million!
This matter will no doubt see some considerable comment so I shall limit my myself to observing that this averages around £3,500 for each taxpayer. Personally, if I had any choice in the matter at all, I could think of a few things I would rather have spent £3,500 of my hard earned cash on.
Subscribe to:
Post Comments (Atom)
2 comments:
quite - how many more soldiers have to be killed through lack of basic equipment because some nutter has spent all the money on rescuing a bunch of northern spivs?
Well, I wouldn’t have put it is those exact terms, but I wholeheartedly agree that there are certainly better things the State could and should have spent the cash on - and one of those is definitely the adequate provision of British troops fighting at the orders of that same State.
Post a Comment