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Monday, October 12, 2009

Brown's Bargain Basement Clearance Sale

Gordon Brown, desperate for cash, has announced a £16BN programme of asset sales in order to bring down the massive state debt built up during the recession.

£3BN of assets are planned to be sold off over the next two years including; the Tote, the Dartford crossing, the Channel Tunnel rail link, and the Student Loan book.

Much like when he sold Britain's reserves of gold at the bottom of the market, his timing is lousy.

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