Tuesday 30 September 2008

An eventful 50 Days

29th September First full day of the Conservative party conference. A really good chance for us to get together and compare notes, catch up with old friends and see many of the parties key people.

But at the same time the economy was tightening up, in Yorkshire we were seeing the HBOS impact at Halifax, and the Bradford and Bingley and closer to home that one of the Castleford's employers Pioneer has announced its own plant closure in 2009.

There is clearly trouble ahead...



Jump forward 50 days. The British economy is facing huge challenges, left unprepared by our Labour Government who missed opportunities over ten years to fix our leaky economy, with its record borrowing and strange approaches to lending that have put many would be home owners into negative equity.

Clearly we are facing global tremors that have wiped away a number of major financial names. Whole countries have effectively faced bankruptcy and Iceland has gone beyond that into unknown territory.

Enter the Chancellor with his pre-budget statement. Well Andrew Allison sums things up nicely here.

And Tony Sharp quotes Derek Simpson, General Secretary of Union UNITE here.

The sad thing is that Alastair Darling seems to be setting things up for a flash election in Spring 2009 and a stream of new taxes in 2010.

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