tag:blogger.com,1999:blog-23662827.post6923296467678876883..comments2024-01-13T23:00:20.853+00:00Comments on MAN THE BARRICADES: Mugabe, Maduro and Corbyn.Gregghttp://www.blogger.com/profile/10323165429887622931noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-23662827.post-48243450885602452522017-11-18T19:57:00.426+00:002017-11-18T19:57:00.426+00:00A very good piece. I hope you're right about L...A very good piece. I hope you're right about Labour's election prospects. The thought of a chaotic Brexit and a Corbyn led Labour government makes me feel really ill.John O'Learynoreply@blogger.comtag:blogger.com,1999:blog-23662827.post-27552396447600338552017-11-17T07:48:35.247+00:002017-11-17T07:48:35.247+00:00Part of Major's omnishambles was the public re...Part of Major's omnishambles was the public recollection of the ERM fiasco which pushed up interest rates so high that many businesses failed, people could not afford their mortgages and had their houses repossessed - all to keep sterling at a fixed parity with the Deutschemark in preparation for joining the euro currency. Things got better remarkably quickly once we dropped out ( leaving Mr Soros with a profit of over £1 billion). Then the government actually did quite well on the financial front, so Inflation came down but it was Gordon Briwn who inherited a clean set of books. People remembered the ERM which destroyed the Conservatives' reputation for understanding money and made that nice young Mr Blair look attractive by comparison. It would be 18 years before there was another (small) Conservative majority - and Mrs May blew it!<br />A botched Brexit will not be fixed by such a simple interest rate adjustment.. The effects will last at least ten years and people will remember the party responsible. I see very small evidence of competence in the Brexit business. If it comes to pass, the Conservatives will face a wilderness period at least as long as they suffered after the repeal,of the Corn Laws in 1846 - or even near total eclipse, such as the Liberals experienced after 1922. Edward Spaltonhttps://www.blogger.com/profile/04168350315689612490noreply@blogger.com