IMF

open for business at last then are we.

I think that more attention should be paid to the interview which Lord Mandelson gave to Channel 4 News last night. In particular in respect of the questions relating to the IMF. Who exactly is voted to the IMF, who are these people. I thought it interesting when pressed by Mr Snow to answer questions about whether or not our country will have to go to the IMF. The response was based on the fact that according to his Lordship that there will be less shame attached to having to go to the IMF.

Did or did not our country have to go to the IMF and the shame that that brought, well don't worry. When we have to go again there will not be so much shame. It would appear to me that when we had to go to the IMF in the seventies what we were doing was to attempt to save the jobs of workers and we paid the price. Well when we have to go to the IMF in the future we will be able to plead the moral high ground in that we spent the money to save the jobs of our workers. Notice the amount of money which will soon be announced as going to the various car companies who are building cars which nobody needs, or wants.