• deadcatbounce@reddthat.com
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        4 months ago

        It was an old reference.

        Brown managed to tell the markets that he was going to sell all our gold reserves last century before he sold them to buy Euros or some crap, and sold all the UK gold reserves at the historic lowest price for many decades.

        This is after he published a book called Post‑neoclassical endogenous growth theory for which he was ridiculed.

        Now we have Rachel from accounts running the economy. Can’t wait to see the title of the book that she writes.

        • BeardedGingerWonder@feddit.uk
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          4 months ago

          Lol, I got the reference. One of his other money raising schemes was to remove a lower tax rate on dividends paid to pension funds, helped herald the end of defined benefit pensions and possibly stagnation in UK stock markets.

          • deadcatbounce@reddthat.com
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            4 months ago

            That’s excellent! Getting old is a fucker. Don’t get old; can’t recommend.

            I remember it too well. It heralded successive. -almost every - chancellors raiding our pensions because there wasn’t a real backlash to forcing us to have a pension and then raiding it.