Next month, financial markets will get something new: a budget statement not delivered by Gordon Bro...
Next month, financial markets will get something new: a budget statement not delivered by Gordon Brown. Nobody expects fireworks on 12 March, but everyone will be looking closely at Alistair Darling's numbers because, for the first time since Labour came to power in 1997, it is facing a real financial crisis. How bad? It might be much worse than anyone realises. Brown's government is hooked on foreign loans. It is kept afloat by money lent from around the world. So long as there was easy money to be made from holding UK Government debt, that suited everyone fine. That is about to chan...
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