Wednesday, November 5, 2008

Brown's Golden Botch

The Labour Government has sold 395 tonnes of gold since July 1999. The sales raised £1.9billion. At today's prices those sales would have been worth £5.7billion. Under Gordon Brown's direction, this decision has lost the country more money than it did on 'Back Wednesday' in 1992 when the pound left the European Exchange Rate Mechanism.

At least Black Wednesday had the silver lining of ensuring that we never join the euro. There is nothing to redeem Brown's Golden Botch.

(as noted in today's Daily Mail and Conservative Home)

Richard Normington

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