As Gordon and Alastair puff out their chests and iron their M+S Let’s Pretend We’re Businessmen suits (made in Indonesia) to host the G20 Global Summit on the global economy, a letter from Steven Katirai, whose Google search reveals him as a capital markets consultant based in the North East of England, has been doing the rounds [...]
Tag Archives: Yvette Cooper
An open letter to Gordon Brown, saviour of the world's banks, apart from Iceland, the UK and . . .
March 17, 2009 – 12:52 am
Recession or depression? Don't ask Gordon Brown, he's in denial.
February 12, 2009 – 9:46 pm
A recession is defined as two successive quarters of negative GDP; a depression is defined as a slide in peak-to-trough of real GDP of 10% or a decline lasting more than three years. According to Mervyn King, Head of the Bank of England, the UK ‘recession’ is much deeper than anticipated. GDP might drop by [...]