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The truths they don't want you to read....

Saturday, March 31, 2007

UK Economic Policy

It is appalling to see one of Gordon Brown's nominees to the Bank of England, David Blanchflower, running down the Western Isles - or as he so ignorantly put it "Eilean Siar in the Western Isles".

It is also interesting that he seems to think that the Bank of England have no remit or responsibility in this matter, and it is entirely the responsibility of the Scottish Executive. He obviously considers that economic advantage (or disadvantage) has no effect on "happiness".

Perhaps, to paraphrase Eddie George, he thinks it is "a price worth paying" to keep the bonuses in the City of London at an obscene level.

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