Yeah I remember that. You might have thought that the Labour party, having made much criticism at the time, might have learned the lessons for when it was their turn, no?
Plus the 1989 recession and White Wednesday (ERM fallout) set the scene for a glorious economic recovery for a country transformed from the strike ridden mess it was in the 1980's. I can forgive the ERM fiasco and recession in exchange for the employment law changes and transformation from metal bashing to a service economy which was painful but right. Labour have transformed nothing nor laid the foundations for anything but they have still given us a Boom and Bust bigger by a factor than anything seen before.
Just announced on BBC News TV.
New car registrations down 18.6% this Aug compared with last Aug.
Worst figures since 1966!
Do you think that all those people and businesses that REALLY HAVE decided to reign in spending on cars might just do the same for air travel? Or is that armchair economizing just too simplistic and naive of me? Surely it is SO SO SO simple to see the mother of all recessions coming?