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Another thing that majority pisses me off is that they sold off a ton of the gold reserves.
I hear this a lot from my mum about Brown "Well, he sold all the gold".
From what I read briefly, that cost £5bn (though not all of that will manifest as a loss, as the money he got for it will have been invested into things that gave some interest back). At the time he did it, it was also on the advice of most economists so it's not like he just yolo'ed it for his own economic reasons, rather that he made an informed decision based on the opinions of experts who he'd assigned to advise him.
That's clearly a loss; clearly a mistake with hindsight. But it's not one that's so big to still be upset 20 years later, especially compared to the losses accrued by government policy since.
If he hadn't sold it then, I can't imagine it wouldn't have been sold since anyway, and I can't see what use it would be if we did still have it...
christianSpaceman-
AFAIK Brown selling the gold didn't cause the £ to tank to the lowest point since records began. And somehow people seem to think that's as bad as our govt that will give hundreds of millions £ to their mates for unuseable PPE.
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I thought the gold sale was a nasty play.
conspiracy theory incoming
The government was under pressure to “drop the debt” to developing nations. The U.K. dropped the debt to some west African nations who depended on their gold production. Brown flooded the market, devalued gold and the re-negotiated new credit arrangements with these countries at a higher rate of interest than beforeBloke in the pub told me.
Sumo
Alf0nse
Well taking us into a war that should have never been, that’s one massive thing that pisses me off about Blair Era Labour and he scooted off into multi millionaires row to public speak after it.
Another thing that majority pisses me off is that they sold off a ton of the gold reserves. That’s another shambles