10 MAY 2011

Gold Reserves

The economic mismanagement of the last Labour Government is summed up by the then Chancellor's decision to sell off our Gold at rock bottom prices. This was a terrible error of judgement, and today in Treasury Questions I asked the current Chancellor about this.

I asked: If our gold had not been sold off some years ago, how much would it be worth today?

George Osborne answered:

The gold was sold, I think on the advice of the current shadow Chancellor, at $3.5 billion—a princely sum, except that it would now be worth $19 billion.

There is no comment needed on this matter – the truth speaks louder than words.


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Charlie Elphicke

It has been an honour and privilege to serve as Member of Parliament for Dover & Deal. I hope to be re-elected to serve our community for another term. 

Many of my appearances in the House of Commons are now on Youtube. Please click the link to watch the footage.

Please email me at charlie@elphicke.com or ring my office on 01304 379669 if you need to get in touch.