Quote:
Originally Posted by OLD BOY
He sold half the gold and he left us with insufficient balances, did nothing about our balance of payments deficit, both of which which made austerity necessary when the crunch came. No use denying it, Labour admitted there was no money left and they did not have a clue how to sort it out.
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It was just exchanged for more productive assets. If gold was such a great investment, we'd all be buying it!
The joke about no money left was just that! As Hancock's pub landlord found out, there is such a thing as a magic money tree!
Not sure how a balance of payments deficit requires austerity.