wrote:


"hugh" ] wrote in message
...
In message , Andy
Burns writes
Doctor Drivel wrote:

This was the year of the Northern Rock bail out.
The Credit Crunch had hit and banks bailed out - as in all western
countries.

And where do the pensions tax credit grab, 3G licence auction and oil
windfall tax fit in?

Apart from the "prudence period" during their first term, the deficit was
a runaway train.

And don't forget the sell off of eh gold reserves at the lowest price for
ages.

My God. Gold is near meaningless as money is "made up". They do not have
one pound of gold for each one pound note any longer.
Shiiiiiiiiiiiiiiish.

"Pound sterling" referred to a pound-weight in silver, not gold...



--
Tim Watts