Wednesday, August 8, 2012

Officially taking the Mick

Merv the Swerve, the Bank of England Governor has today slashed the UK Growth rates to zero for  2012,  just 2 months on from his forecast of 0.8% growth for 2012, that means the UK Economy hasn't grown for over 2 years.

Meryn King like his political masters Dave and George are continuing to solely blame the Eurozone which is a factor, but so is their poor handling of the UK economy and continued reliance of the City of London for tax revenue. 

The Governor helpfully added that there is still no need for a ‘Plan B’ which reminded me of Groucho Marks line ‘the definition of insanity is doing the same thing over and over again and expecting different results’.

I bet the three Amigos (Mervyn , Dave and George) are praying Team GB athletes keep on winning more medals to distract from the incredibly bleak economic outlook facing Wales and the rest of the UK and the bad Government and Bank of England decision making since the crash started back in 2008.
Any source

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