Against the general background whereby the Labour gummint - desperate to shore up the inflated house prices on which its economic miracle (and their own personal wealth - the vast majority of MPs being second-home owners) was based is seriously considering giving banks (currently suffering colossal losses as house price and credit bubbles go *pop* and struggling to raise cash wherever they can find it) shed loads of taxpayers' money (possibly with a view to securing remunerative directorships once they are chucked out), comes this from today's FT...
Another Labour MP, Rob Marris [Wolverhampton South West], called on Mr Brown to consider imposing one-off taxes on oil companies and on banks, as part of setting a "clear direction".
To be fair, I suppose that "straight down the toilet" could be considered a clear direction.
Can you deny grass?
12 hours ago
