Gordon Brown, Alistair Darling and the UK finances

We are to expect a rise in government borrowing to fund a massive spending spree by the labour party who says it will help us, the tax payers, to ease the financial crisis by tax reductions, giving us more money in our pockets.

It was reported also, that the government has already borrowed 34,000,000,000,000 pounds this year, most of it before this financial crisis. They now want to borrow a reported 15,000,000,000,000 pounds to give us so called massive tax cuts.

How will this be paid for? By heavily taxing us in a couple of years and then b by blaming the world financial crisis, when they think that we have forgotten it. They are blaming the UK crisis on the world financial affair already, which they have from the beginning, if I remember correctly.

Gordon Brown, in 1999, sold 4bn of the UK gold reserves when he was Chancellor of the Exchequer leaving Britain with the lowest bullion holdings of any country. It was reported to have been converted to Euros, Yen and Dollars leaving us with only 7% of gold reserves out of 17%. Not a lot. Although it was denied, it was reported at the time that this was to ease us, the UK, covertly, into a single currency in the euro-zone.

Hopefully, when their is an election, the voters in the UK will see through his policies and see the foolishness in his plans. Whoever gets in will have to tax the country harder to pay for his foolishness, by borrowing billions of pounds and getting this country into such large debt that it will take years to recover.

At the moment a Conservative or Liberal government would do better than this lame duck prime minister/chancellor.