Brown's spend, spend, spend during his Chancellor's days has brought us into the current economy we are facing today. His appeal at a Downing Street meeting for the lenders to pass on cuts appeared to fall on deaf ears with HBOS, which owns the Halifax, increasing its rate on some mortgages from 6.09 to 6.59 per cent. Borrowers taking out this type of deal will now pay 46 more a month. On a two-year tracker, the rate will increase from 1.49 points above base rate to 1.99 points, giving a current rate of 6.99 per cent.

Other lenders are expected to follow Halifaxs lead.

If the Government wants the banks to lower mortgage rates to home owners - why not just offer them through Northern Rock? Everyone would rush to the Rock to get the loans forcing banks to match the rates or lose the business? Or maybe the government would then run into bigger credit crunch?

Brown is definitely finished...when MPs ask him for a leadership challenge, he sacked them. He is totally threatened. This has happened to John Major but he took it gracefully and accepted the challenge. The party voted him back in the end.

But Brown is a total SNOB. He is totally out of touch. Thanks to him we are going into recession!

i am certainly no Brown supporter, but it is always convenient to forget the massive influence exerted by circumstances totally out of any gov't's control ..... everyone runs around blaming Mr B for the current recession in UK, but what could or more arguably should he have done to avoid the current problems? ...... certainly the price of crude is beyond any gov't control and had Mr B tried to interfere with the way the banks run/ran the businesses, what would have been the very justified outcry then?

Granted the Banks have alot to answer for but the situation has been aggrevated by the 'Brown Bubble', his determination not only to tax and spend but increase government deficits. Goodness knows how much off balance sheet liabilities there are. This incompetant should have been ditched long ago and his party knows it to its expense. Its a shame that Frank Field and co did not show more courage before when the 10p tax abolition fiasco emerged but, I suppose he did not get enough support. No Brown is not totally reponsible for recession but it may well prove deeper than it would have been.

Milliband looks the likely choice.

whats happened to free speech and democracy - sacking everybody who is critical says everything you need to know about this man.

I would be more suspicious of a party leader who does not have dissenters.

I am bemused by the public who wish to make money by crazy investment, but wish others to take the blame and bail them out when their own actions get them into problems.

I am not certain, but I think this is the form of capitalism and market economics that is being advocated by Cameron and his fellow clowns.

I think Brown will still be PM at time of next election. Whether he will win it is debatable.

But if the Tories get in, it is unlikely that Cameron will remain as its leader.

Recall Hague and some of the other clowns!

Read the book Squandered by David Craig (how Gordon Brown is wasting one trillion of our money) this man is a T---er.

The price of crude oil has dropped to US$100 from US$148 but the price at the pumps remains high. Certainly the government can reduce it a bit more. It is still 113.9p per litre for regular from 120.9p at its peak. This is definitely not proportional to the drop in price.

I remembered when crude was going up, the petrol price keeps going up the next day or two, but when it is coming down, it does not follow suit.

If Gordon Brown sincerely wants UK to be a better place and not line his own pocket, he can only do one thing,
RESIGN

This is called "MARKET FORCES" by the enlightened!

Cable has dropped nearly as fast as crude and the latter is priced in dollars. Will be interesting to see if those that fixed their energy bills this Winter will be better off or not

hlyeo98
I am no Labour fan but like everywhere in the world the incumbant government gets hammered for what is a world wide economic meltdown. Cameron and his mates would do no better. Overinflated asset prices around the world- especially housing- are the reason, and the determination of the big US banks especially to devise ever more impressive and complicated ways of lining their pockets through derivatives, based on these assets, that hardly anyone can understand. To suggest our PM, whatever you might think of his politics, is lining his own pockets is disingenuous. He has made mistakes- like you and I being in the market at present- but his biggest one was failing to have an election when the going was good. I think he is stuffed, because, as the saying goes, its the economy, stupid.

hear hear! .... and thank goodness he did not have the nous to hold thaty election

If he had decided to have an election no sooner than he had been made Prime minister....it is my belief that he would have scraped through....thank god he did not !.

he was a shoo in just after appt.

Oil is down to $US94...is petrol price coming down or the government is still fleecing us on fuel tax?

you lot are lucky , in Scotland we are stuck with Alex Salmond who knows so much about economics and the market , he blamed the fiasco at HBOS on "spivs and shorters" - he does know , however , how to make you lot in England pay for everything here!

Gordon Brown is given a 9-month grace period to further ruin the economy in England today.

Hylyeo, what are your positive suggestions to improve it!

I don't know what hlyeo98 thinks but, the first thing he could do is go into early retirement on a full pension even at 100% of his salary. That will work out alot cheaper in the long run for prudence, stability and the economic recovery of the uk. While this maniac remains in place things will just get worse. I just hope the SNP give him a good hiding in the Glenrothes bye election. Give Jack Straw a chance, who may turn out to be the quiet assassin.

Gus, what policy changes would you make at the present time to alter the obviously poor market functioning?

If you have any reasonable policies would you be able to push them through parliament and still be electable.

I think the present media and public mood and to blame the government for present economic chaos is laughable, when the majority of the problems are down to private greed.