'Saint' Gordon Rides To The Rescue!

It is now becoming clear that Gordon Brown is 'playing a blinder' in his 'Falklands' moment.

The economic battleground is his war, familiar territory indeed for him. He bestrides the economic world like a colossus and has now had his economic theories and prescriptions to deal with the current economic crisis adopted throughout the whole globe even America.(that's quite enough praise for now, we wouldn't want anyone to think that we had lost all our objectivity Ed.)

Gordon Brown will be, if it works, nothing less than, the saviour of the entire economic World!

This must trump most, if not all, of his predecessors achievements.

Blair who? is now a common enquiry. Even a casual observer must wonder from these, that he must be having a moment of crisis, thinking he is still important, The Office of Tony Blair, The Tony Blair Faith Foundation and the Tony Blair Sports Foundation, for starters. Satire on Tony Blair is becoming commonplace, try these, Tony Blair and Blair Foundation, have fun!

South Yorkshire Pensions Authority loses £18 Million. When will it end?

It has just emerged that South Yorkshire Pensions Authority has lost £18 Million of its members money, speculating in Iceland's own version of the 'South Sea Bubble'.

This loss would be very embarrassing at the best of times, but on top of the losses on the stock markets, must be quite a headache for those in charge.

Is it soon to be a headache for members and pensioners? We wonder!

Also news just in, South Yorkshire Passenger Transport Authority also had a piece of the action to the tune of £5 Million.

Anyone else, put your hands up now please!

Council looses £3.8M of your money in Iceland Debacle!

It has been reported today that Rotherham Metropolitan Borough Council (RMBC) has lost £3.8M of your money by investing it in an Icelandic bank that has now gone bust in the effective bankruptcy of Iceland.

The council is engaged in furious lobbying for the government to reimburse them for the £3.8M they have lost. Some hope I suspect as the total revealed so far runs into hundreds of millions and may even exceed 0.5 billion by the time the full facts emerge. I wouldn't want to swap shoes with the minister for local government right now, one John Healey, the member for Wentworth Constituency, as the lobbying will be extreme at times because of the panic in many Town Halls today.

More when the full picture is clearer.

Total losses known to date £840M!!!!!!