Fears of a double-dip recession and a sterling crisis in the run-up to the election were raised last night amid news of collapsing investment in British industry and a warning from one of the world's leading financiers that the pound could plummet within weeks.
The rest of the article hardly makes for happier reading, either, at least if you're a Brownite, I suppose. If you're a realist, (like Rogers - and lots of other people), then you'll know that after Brown bet the Bank of England on spending his way to the winning of, finally, a mandate to
The pound fell sharply on the foreign exchange markets after a day of grim economic news which saw an admission from RBS that it had missed government targets for business lending, a downgrading of the UK growth prospects by the European commission and a warning from the CBI that consumer spending was likely to remain weak ahead of polling day.
Sterling, already down by a cent against the dollar following the release of official figures showing capital expenditure plunging by almost a quarter between late 2008 and late 2009, saw its losses doubled after Jim Rogers, the former business partner of speculator George Soros, said sterling was a potential "basket case".
More reason to believe Guido's mysterious BBC source, then, who said that the election will be called this weekend.
Bring it on (finally).
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