With the Bank of England Governor Mervyn King speaking his mind on the government’s direction to introduce new fiscal stimulus plans to boost the economy, British Prime Minister Gordon Brown responded seemingly in the defensive.  King gave a statement on Tuesday, March 24, 2009 that the government should not give out any more fiscal stimulus since there is a growing budget deficit.  According to Brown’s spokesman, the fiscal stimulus is only one of the strategies the government is going to use to ... Read More

   “The truth Prime Minister, is that you have run out of our money”, were the words Prime Minister Brown heard in Parliament March 24, 2009 from Daniel Hannan-European Parliament (MEP), representing South East England for the Conservative Party.    “Every British child is born owing around 20,000 Pounds.  Servicing the interest on that  debt will now cost more than educating the child.”  MEP Hannan stated.     MEP Hannan also let PM Brown know that he had run the economy into a deficit that ... Read More