so it was permissible for consumers to carry on spending ever more borrowed cheap money. Gordon Brown stressed publicly that he was appalled by what had gone on at RBS.

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The Bank of England had allowed a credit bubble to be inflated. And the government had assured the country that it was all built on solid ground,
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so it was permissible for consumers to carry on spending ever more borrowed cheap money. Gordon Brown stressed publicly that he was appalled by what had gone on at RBS.