Saturday, 26 April 2008

Bail Out Under European Examination

Fears that the Bank of England intervention in support of the UK's banks and financial system will be regarded as state aid to a failing sector and fall foul of the European Union competition rules are widespread and well founded.

Gordon Brown's undivided attention for the last 11 years has reduced the mainstay of the United Kingdom economy to the status of Alitalia.

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