Sangster: Turmoil scrambles UK hotel metrics | hotelnewsnow.com
The famous economist John Maynard Keynes is reported to have said: “When the facts change, I change my mind. What do you do, Sir?” Lord Keynes’ quote is useful in times like these. Here in Britain we are led by a Labour Government that prior to coming to power in 1997 struck out from its constitution a commitment to public ownership, thus becoming known as “New” Labour. And yet it is this government that is leading the world in nationalising much of the banking system. A month ago, even the most ardent socialist would have considered such a move imprudent.
