Heterodox
In a full about turn, Gordon Brown, has now decided that Jeremy Corbyn is a the right person to lead the UK out of it’s troubled times.... Brown, whose leadership of the country was fraught with setbacks, said that Corbyn’s war on rising inequality and stagnant wages was “absolutely right.” The London Economic Ex-PM Gordon Brown has backed…Jeremy CorbynJoe Mellor
Read More »Bill Mitchell — A former UK Chancellor attempts to save face and just becomes confused
On May 6, 1997, just 4 days after coming to office in what was to become Tony Blair’s retrogressive regime, the then British Labour Chancellor Gordon Brown announced that Labour would legislate the so-called independence of the Bank of England. The BBC claimed this was the “most radical shake-up in the bank’s 300-year history”, which gave “the bank freedom to control monetary policy”. Gordon Brown’s legacy to the British people, of course, is in his famous ‘light touch’ regulation, which he...
Read More »