When the going gets weird, the blog gets reactivated after a three year layoff.
22 April 2009
incompetent AND economically illiterate - a deadly combination
Apparently the IMF made a mistake when it claimed the UK faced a £200bn bill for bailing out the banks in its 'Global Stability Report' (a phrase to rival Orwell's 'Ministry of Truth', surely. The true figure is closer to £60bn - still a huge number but a long way short of £200bn.