Deregulation of banking was economically beneficial to the nation. And it stopped banking being a world of city-slickers who only got the job because Daddy had millions invested in the bank. Traditional industry was already dying, because emerging Third-World countries were making everything...
The Major Government had left the nation in the best financial shape it had been for decades. But Brown spent the lot. He spent more money than we had. So he sold the gold, which he wouldn't have had to do, if had had not overspent by so much.
And, apart from reducing the value of our national assets, Mr Brown's sale of the gold also impacted on the global economy and played its part in the global recession. He really was a clever boy, wasn't he?
Only the Loony Left think she was an evil witch and that is because they don't understand national economics and are prone to overspending. She was not an evil witch. She was undoing the mess Labour had made, just is Cameron is trying to do again today.
That's always the case in any democracy. The party with the most votes wins, but unless they get 51%, they will never actually be the majority of vots. Everyone knows that. But you can't let the other parties form a government, just because, between them, they got more votes than the party who...
The Gold Standard wasn't a term for having a currency supported by a hoard of gold. It was the term for the value of gold being the same around the world (for those in the Gold Standard), and each nation's currency being valued against that. Sterling came off the Gold Standard in 1931, as you...
Thatcher sold the family silver to pay off the costs of the disastrous Labour policies of the 70s. Brown sold the gold to pay off the costs of his own disastrous policies.
Well, funny you should ask, because I'm trying to think where I learnt this from. I think I was actually taught it in school many decades ago. Each note and each coin of our currency has a a value. It's not the coin or note itself which is valuable, but they're all rather like IOU notes, in that...
I think the reason the price of gold shot up (and, like you, I don't know much about this) is because Sterling, the Dollar and the Euro all became so unstable and untrusted a few years ago, that serious investors began to invest in the longer-term value of metals, such as silver, but...