Man in a Shed: Brown intervenes to make sure its English not Scottish jobs that are lost

Apparently Gordon Brown has interviewed in the takeover of HBOS by Llyods TSB to make sure that jobs and a head quarters are kept in Scotland.

This will mean equivalent jobs in England and London being lost due to direct favouritism by the 'British' Prime minister.

This is what happens when England has no voice - her interests get sold out by the likes of Brown and Darling.

Mind you - who can forget BPs promise to keep the BritOil offices in Galsgow ?

PS I'm saddened to see Bank of Scotland go like this. I lived in Edinburgh for a number of years and in many ways its influence used to be bigger than RBS. However this is how things go - the English didn't ask for special pleading when Nat West was taken over by RBS.

See also Iain Dale What About Jobs in Halifax, Mr Darling?

The pound in your pocket

"We used to think that you could spend your way out of a recession and increase employment by cutting taxes and boosting government spending. I tell you in all candour that that option no longer exists." James Callaghan

“The trouble with theoretical economists is that they don't understand that when you have a deficit, you can only finance it by borrowing, and you've got to persuade people that it's worth lending money to you and that they'll get their money back... there's no way of escaping it.” Dennis Healey during the 1976 Stirling Crisis.

"Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens ... Lenin was certainly right. There is no subtler, no surer means of over-turning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose." John Maynard Keynes, 1920.

"To preserve [the people's] independence, we must not let our rulers load us with perpetual debt. We must make our selection between economy and liberty, or profusion and servitude." Thomas Jefferson, President of the United States of America,1801-1809.

Inflation is taxation without legislation .. Milton Friedman