Douglas Alexander who is a cabinet minister (and brother of Wendy - that other Labour gargoyle) has just said on Question Time that "quantatitive easing" took 8 years to have any effect when Japan tried it in the early 1990s. (Not sure it had all the desired effects in the end, though.)
It'll be interesting to see how the Brown/Darling spin machine will deal with this in the morning.
3 comments:
Silly wee laddie is wee Dougie but Brown owes him quite a lot. It was wee Dougie who fixed the postal votes for Glenrothes.
Now that's a story that should be told! Are you going to do it Madame Subrosa?
Wee Dougie is more than wee in stature, Ted!
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