Gordon Brown’s economic reputation took a battering yesterday as Germany and France staged a dramatic return to growth.Both economies expanded 0.3 per cent in the second quarter of the year, compared with a contraction of 0.8 per cent in Britain.
The unexpected rebound dashed the Prime Minister’s claims to have left Britain better placed than elsewhere to withstand the credit crunch. Mr Brown has trumpeted his fiscal stimulus – trying to spend the country out of recession – while other nations took a more cautious line.
So the new figures prompted unashamed schadenfreude among Germans who have complained at being lectured by Mr Brown on how to run their economy. Both Mr Brown and his Chancellor Alistair Darling repeatedly argued last year that their adept economic management had put Britain in a strong position to ride out the gathering storm. Yet yesterday’s figures showed that Britain has now become a laggard in the global race for recovery.
Berlin officials would not comment but a senior civil servant told Saarlander Rundfunk radio that ‘Germany should be thankful that it didn’t copy Britain in trying to spend its way out of catastrophe’.
So once again, THE GRUESOME TWOSOME, BROWN AND HIS DARLING, are proven to be wrong.
HAS THIS MAN NO PRIDE? RESIGN NOW, YOU ARE A BUFFOON!