Is the Government out of touch with reality?
THE Bank of England delivered a stinging slap-down to Business Secretary Lord Mandelson today after he bizarrely claimed that it needed to move faster to get the British car industry moving.
Lord Mandelson yesterday said negotiations with the Treasury and the Bank had gone too slowly over a deal to give people credit to buy cars. The Bank was in “pole position” on the matter, he added.
But the Bank said it was “puzzled” by his comments, adding: “It is not the role of the Bank to provide sector-specific support. That is clearly and properly a matter for the Government.”
* Is the GOVERNMENT out of touch with reality?
* Are you SICK AND TIRED of everyone PASSING BLAME over Britain being in DIRE STRAITS?
* Is Mandy's BLUNDER just another embarrassment for Britain?
*** HAVE YOUR SAY NOW ***