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Tuesday, September 27, 2011

Asset Stripping

The Gorse Fox was a little taken aback when he listened to the morning news. It presaged today's speech by Ed Miliband regarding "making a quick buck" and "bad companies that asset strip". The Gorse Fox then spent a while spluttering in cross between irritation and amusement.

The very thought that the Labour Party could utter the phrase "quick buck" after Tony Blair had been in charge, or that they could refer to "asset stripping" after selling of the UK gold reserves and stripping private pensions at a rate of about 10Bn per year, is a degree of hypocrisy that the Gorse Fox finds breath-taking.

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