ref date:3 Sep 1999 (ECON)
Economists warn chancellor not to use tax cut bribes
Gordon Brown, the "UK" chancellor could spend extra cash in the run up to the
"UK" general election to BUY VOTES. However, leading economists warn it
could lead to higher interest rates, an unbalanced economy, and jeopardize British
entry to the euro.
Of course Blair does NOT want to join the Euro. He'd rather hurt all industry
in Scotland and England than hurt his friends and Nu-Labour converts in the
City of London financial houses who make a fortune off currency and
interest rate fluctuations.
Higher interest rates would keep the pound overvalued , damaging both exporters and prolonging the problem of the
so-called "two-speed economy".