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STOP PRESS - 16 Jun 2009

Whilst it is clear that the worst is not yet over, there are some indications that the recession may not be as prolonged or as hard as expected.

Gordon Brown has taken a hammering from the British press for much derided policies which I confess I viewed  as a re-branded and updated form of devaluation.  Professor Paul Krugman, the respected economist (who won the 2008 Nobel prize for economics - slightly better qualified than my “O” level economics), had  nothing but praise for the Brown strategy stating that  Britain had stabilised its banking system and was in the best shape of any European economy.

But, dare I say these policies  seem to be working? Whilst the improved value of sterling might slow this down do you think that we could be moving in the right direction and is Gordon Brown really leading the way forward?

Michael Weaver, Beer & Partners Limited