Friday, 11 September 2009

US leads the way

The PM may be able to claim he was among the first to pour a tanker load of cash into banks, but he isn’t going to be the first to pull it out.

Treasury Secretary Tim Geithner has signalled a shift in strategy for the US Government away from rescue and towards growth.

He said: “We must begin winding down some of the extraordinary support we put in place for the financial system."

How long it takes in the UK will be as much a measure of how strong Brown feels as PM, as it will be a measure of how strong the economy is.