Brown Snubbed Over Tax: Germans Wreck ‘Global New Deal’

Okay… so now the UN can mess with the tax? People have we all lost our minds? Could it be that our global socialist establishment politicians have been selling our soverignty?

bydesign001's avatarPUMABydesign001's Blog

GORDON BROWN’S carefully laid plans for a G20 deal on worldwide tax cuts have been scuppered by an eve-of-summit ambush by European leaders.

Angela Merkel, the German chancellor, last night led the assault on the prime minister’s ‘global new deal’ for a $2 trillion-plus fiscal stimulus to end the recession.

‘I will not let anyone tell me that we must spend more money,’ she said.

The Spanish finance minister, Pedro Solbes, also dismissed new cash being pledged at Thursday’s London summit.

‘In these conditions I and the rest of my colleagues from the eurozone believe there is no room for new fiscal stimulus plans,’ he said.

Nicolas Sarkozy, the French president, has insisted that ‘radical reform’ of capitalism is more important than tax cutting.

The attacks on Brown’s ambitions for the G20 to inject more money into the world economy come at the end of a week where the prime…

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