Britain Quote by Gordon Brown
“Britain was set to repeat the boom-bust cycle that led to 15 per cent. interest rates for one whole year in the early 1990s.”
About This Quote
Source Parliamentary debate: Economic Policy, 1993
Britain risked repeating a boom‑bust cycle that caused high interest rates for a year.
In simple terms: Avoid repeating economic cycles.
Implement stable fiscal policies.
Themes
Mood
Type
When to use this quote
- budget planning
- central banking
- investment strategy
- public finance
Key Concepts
Questions to Reflect On
- How to prevent boom‑bust repeats?
- What safeguards ensure stability?
May underestimate external shocks.