According to the BBC French President Nicolas Sarkozy has criticised Gordon Brown's economic stimulus plan. In a debate on French TV, Mr Sarkozy, whose handling of France's economy has prompted protests, said the UK's VAT cut had "absolutely not worked".
"Britain is cutting taxes. That will bring them nothing. Consumption continues to decrease," he said. That is very true, as David Cameron told the hapless PM.
I think Brown is just trying to bribe his way out of this mess. At least Sarkozy has the backbone to take the crisis head on, even if people find it hard going. Brown is just pouring money at the problem and gaining little ground. The voters won't thank him if the mess deepens for the majority with the bailed out businesses creaming off the top.
Talking of ground, I saw Lord Adonis on BBC News. His lordship is "talking" to local authorities about the snow. Five days of talking! Talk is cheap, but action is....
Friday, February 6, 2009
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