Constitutional Rules are Just as Flexible as the Rest of our Constitution Prime Minister. You Have No Unique Power to decide on a General Election

The fragile stability of the currency and of our entire financial and economic status vis a vis the rest of the world was balanced on the expectation that there is a general election imminent and that a a stable government of recognised financial and economic competence and probity would be returned, ready to cope with the Brownian disaster. And deal with it in a stable institutional and political environment.

Incredibly Brown has wrecked that market understanding as well. With his outlandish remarks in the Commons on Wednesday he has asserted the thesis that he and he alone can call an election and that as he and he alone can save the world, or at the very least the Uniited Kingom, he will not be calliing an election. He even had the misfortune to acknowledge that another pressing reason not to call an election is that he would lose it, as the markets had surmised and taken into account.

So, after being taught he cannot regulate afinancial system, after being taught he cannot guide an economy or even produce a benign climate in which a capitalist and entrepreneurial economy can thrive, he is about to receive a constitutional lesson in flexibility's response to intransigence and misunderstanding of the nature of rules.