Tuesday, 8 April 2008

Mote and Beam?

Recently Bottler Brown ended a press conference by stating that the IMF, the International Monetary Fund, needs complete re-structuring, to enable it to act as an "early warning system".

He obviously has a poor memory. Since 2003 on six occasions the IMF has sounded warnings about the level of debt, Government finances or the UK housing market overheating.

Just how many warning does it take? It is now clear that the IMF were right in all their warnings, and that Brown as chancellor was wrong to ignore them all.

It's Bottler's thinking and policies which need re-structuring!

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