Quote:
Originally Posted by Mike Noc
I had hoped that the then Labour government would have saved Rover from going to the wall, but sadly they didn't seem interested.
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Yes - surprising that - especially as he (Gordon Brown) went on to bail out the Banks in 2008 after a decade of inept regulation by his “Super Regulator” the FSA.
He effectively designed and set up the FSA against the advice of those around him and combined elements of the effective tripartite BoE, DTI and the old PIA.
In doing so we lost the specialist expert knowledge of each third of the tripartite Regulatory System and shoved all the responsibility onto inexperienced people all under one roof so everyone kept quiet about the coming storm.
Gordon Brown saved the Banks because not to do so would underline the abject failure of something he was entirely responsible for.
So we all suffered the consequences of his ego.
His justification was that the “Banks were too big to fail”.
IMO he really felt that it was his ego that could not take the hit. So he made the entire population of the U.K. pay.
With a succession of idiots like this in charge of No 10 and No 11 - what chance did a vehicle manufacturer stand?
NEWS FLASH!
It’s just been announced that HS2 is likely to be cancelled!
So all the disruption- the compulsory purchase of property for way less than market value - has it all been for nought?
