"If ye love wealth better than liberty, the tranquility of servitude better than the animating contest of freedom, go home from us in peace. We ask not your counsels or your arms. Crouch down and lick the hands which feed you. May your chains set lightly upon you, and may posterity forget that you were our countrymen."

Tuesday, 18 May 2010

He Didn't Even Speak!

George Osborne, that is.  At the meeting of EcoFin in Brussels today measures were passed to tighten controls on Hedge Funds and private equity groups.
British diplomats put a positive gloss on developments, described by hedge fund lobbyists as disappointing, saying they had reached the "best possible" outcome with a footnote to the ministers' statement that flagged their worries.
"Today, with goodwill and agreement from Britain and after very hard struggle in recent weeks, we have succeeded ... to rein in hedge funds," said Austrian finance minister Josef Proell.
Perhaps our new LibServative government is hoping for a miracle before the new rules come into full effect - spookily, in 2012 -  I know I am.

Here's what George had to say afterwards. 

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