On the Wrong Planet » gambling http://www.onthewrongplanet.co.uk So what shall we do whilst we are here? Sat, 14 Jan 2012 17:59:50 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 The Darling Buds may not http://www.onthewrongplanet.co.uk/2009/02/25/the-darling-buds-may-not/ http://www.onthewrongplanet.co.uk/2009/02/25/the-darling-buds-may-not/#comments Wed, 25 Feb 2009 23:54:00 +0000 Trevor Smith http://www.onthewrongplanet.co.uk/2009/02/25/the-darling-buds-may-not/

Alistair Darling is to offer guarantees of up to £600 billion to RBS and Lloyds Banking Group. He is asking them to lend out £40B to re-start the economy. Now let me get this right. UK GDP = £2800B, so that is more than a fifth of our gross domestic product that the Chancellor is gambling on our two biggest banks. To put it another way, that is nearly £10,000 for every man, woman and child in the UK. Hmmmm!

All this to promote the new buds of economic growth.

]]> http://www.onthewrongplanet.co.uk/2009/02/25/the-darling-buds-may-not/feed/ 0