Sunday, January 18, 2009

What's your maths like?

I only ask because, having read this piece by Jim Pickard on the FT Westminster blog, and tried to understand the responses to it, I am still completely at a loss to comprehend how Brown has contrived to lose yet another £5 billion of taxpayers' money.

Is it another "selling-off-the-gold-at-a-loss" moment or is it just how the arcane rules of re-financing a failed bank work? Either way, Gordon appears to have cocked it up yet again.

Or have the merchant bankers (see photo) conned us again?