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This is Brown's Falklands. After this, he will be good for 3 more terms in office.
It makes me sick, but you might be right.
How did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror.
It was a good move at long last, but the miniscule rate cut will prove to be his undoing.
In the past, prior to elections, most governments have opted for big rate cuts to stimulate the economy prior to an election.
Brown instigated the MPC in 1997 to stop this happening. This time though, he could have done it because all parties were backing him and advising him. He missed a trick and now the recession will be more extended than it needs to be. This will not help New Lie or the economy as much as he could have done.
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