Chancellor – The Rainbow Blog

Osborne Bails Out Osborne

Bill Kruse — Mon, 22 Nov 2010 15:13:23 +0000

Chancellor George Osborne (who will eventually become an Irish Baronet, we should remember) today announced a bailout loan for the (basically insolvent) Irish banking system of around £7bn, this to come from the British taxpayer. He defends this as in our national interest because we export more to them than we do to several of …

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Toothless Watchdog

Bill Kruse — Wed, 29 Sep 2010 06:10:03 +0000

The International Monetary Fund, the IMF, has described the chancellor’s plans to make draconian cuts as, quoting from the Daily Mail here, “strong, credible and essential”. This is being trumpeted in some quarters as being a ringing endorsement of Osborne’s policies – but from whom does it come exactly? Many would suggest the IMF themselves …

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Government Loans

Bill Kruse — Mon, 07 Jun 2010 20:14:57 +0000

I’m watching David ‘Dave’ Cameron live on TV at this moment, earnestly (and quite rightly) explaining how the interest we pay on loans to the government are overwhelming us. True enough, and the subject deserves an airing. However, I note he isn’t pointing out that much of the National Debt is to banks, banks who …

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Immature Debate

Bill Kruse — Tue, 29 Sep 2009 11:18:33 +0000

This is Chancellor Darling quoted, I imagine from their own PR, at the Labour Party conference (speaking on economic stabilisation and improvement), “I welcome the chance of a mature debate on how we achieve this goal – even if it is hard to see the Shadow Chancellor taking much part,” he said. “There has, after …

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Brownout – Judgement Fail

Bill Kruse — Mon, 28 Sep 2009 05:57:00 +0000

Why is Brown being greeted with smiles, applause etc. at the Labour Party conference? This is the man who was UK Chancellor during the run-up to the greatest near-breakdown that world finance has ever had, and was Prime Minister when everything he was in charge of almost collapsed! The UK economy, his brief, was at one point just a …

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