Topic: | Re:Re:Re:Re:Alistair Darling's Budget is One of the Worst Budgets Ever | |
Posted by: | Richard Greenhough | |
Date/Time: | 16/03/08 16:45:00 |
The 16% interest rate (which I recall lasted for about 24 hours) was the direct result of a foolish attempt to buck the markets and fix the exchange rate between the pound and the deutschmark as a preliminary to dropping the pound in favour of the euro. The happy result was that the pound has not been abolished and we retain a degree of control over our economy that other major European states have foregone. The Poll Tax was hard for those not used to contributing for the services they used but do you really think the present council tax system is an improvement ? |