Bank boss: Borrowing by Brown made crisis worse.
To all labour MPs will you sink or swim with him as leader?
THE bank crisis was made worse by Gordon Brown's decision to let borrowing rip, Bank of England Mervyn King suggested today.
In a surprising attack on the Prime Minister's handling of the economy, Mr King said Britain's borrowing levels were "too high" when the credit crunch exploded last year.
"I do think public debt matters. We get to this crisis with levels of public borrowing which were too high and that made it difficult," he told the Treasury select committee. Mr King also hinted that the Government had failed to give him sufficient powers to demand more information from banks to check how healthy they were and their risk to the country's financial stability.What's so surprising? Hardly a day passes without further evidence of Gordon Brown's serial incompetence and of course, that's why Crash flash Gordon always puts the blame onto other countries. Really, Britain is in the worst spot, worst prepared, high tax low investments low economy. Crash flash Gordon!