It was the banks last time but they werent helped ...

2008-05-16T09:09:00.000Z

It was the banks last time but they werent helped by a Government that was determined to gerrymander with our currency in the hope of entering the ERM.

Had Lawson not stupidly shadowed the Dmark in 1989 we wouldn't have had the crash of 1990/91 when interest rates had to stay oppressively high and thousands of people lost their homes and businesses.

In that sense Gordon Brown has tried to abolish 'boom and bust' by giving independence to the Bank of England - although as you say whether it will work in the long run is still in doubt.

Comments on Marcus Wood: Relaunch # 4 in serious trouble already.Gordon has...

It was the banks last time but they werent helped ...