FTSE 100 index drops below 5000 points, its lowest level for three years. Inflation is at a sixteen year high of 4.7%. Shares in HBOS, the UK's largest mortgage lender closed down 21.7%. House sales are down by about 50% in the past year; mortgage approvals are down by more than 70%. House prices have dropped for the the ninth month in a row and could drop by 25% when compared to 2007.I wonder if Gordon Brown now regrets claiming to have put an end to Boom and Bust?
2 comments:
That is just one thing in a long list of regrets that he is currently compiling.
1st Rule of politics
Never apologise and never explain
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