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Brown Tries to Turn Double-Dip U.K. Threat to Benefit

Posted By admin On March 11, 2010 @ 11:25 am In World News | Comments Disabled

Jennifer Ryan
Bloomberg [1]
March 11, 2010

Gordon Brown is trying to turn the threat of a double-dip U.K. recession into an advantage.

The British prime minister, whose Labour Party is narrowing the gap in opinion polls with the opposition Conservatives, is arguing that the economic recovery is too “fragile” to justify cutting the U.K.’s record budget deficit right away.

Brown is seeking a fourth term for Labour as Britain struggles to recover from its worst slump in six decades. While jobless claims are at the highest since the party came to power in 1997, opinion polls show that Brown has made up so much ground that David Cameron’s Conservatives will fail to gain a majority in the election, which must happen by June.

“A weak economy might perversely be good for Labour,” Jonathan Loynes, an economist at Capital Economics Ltd. in London, said in a telephone interview. “To a degree it would support the government’s position that it shouldn’t try to tackle the budget deficit too quickly, and at the same time undermines the Conservatives’ position.”

Full article here [1]

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URLs in this post:

[1] Bloomberg: http://www.bloomberg.com/apps/news?pid=20601109&sid=a63PDrtuPMcw&pos=11

[2] Image: http://purewaterfreedom.com/

[3] Gordon Brown ‘stepping down as Labour leader’: http://www.prisonplanet.com/gordon-brown-stepping-down-as-labour-leader.html

[4] Cameron Wins Most U.K. Seats as Brown Fights to Stay: http://www.prisonplanet.com/cameron-wins-most-u-k-seats-as-brown-fights-to-stay.html

[5] 62% believe Brown should concede defeat, poll finds: http://www.prisonplanet.com/62-believe-brown-should-concede-defeat-poll-finds.html

[6] Will the Queen stop a second election? Brown could cling on as premier even if Tories win: http://www.prisonplanet.com/will-the-queen-stop-a-second-election-brown-could-cling-on-as-premier-even-if-tories-win.html

[7] Brown Sets May 6 Vote as Polls Show Hung Parliament: http://www.prisonplanet.com/brown-sets-may-6-vote-as-polls-show-hung-parliament.html

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