Thursday, 4 February 2010

Brown Loses Control of Financial Policy

Evidence that the Brown regime is no longer in effective control of the United Kingdom mounted today when the Bank of England announced it would cease buying government debt.  There have been repeated claims from inside the permanent Whitehall governance of the country that Downing Street is paralysed and dysfunctional.  Within individual ministries civil servants no longer implement anything but the lowest level of day to day administration to keep ticking over until the new government, to be brought in by the general election Brown seeks to avoid calling,  can take up power.  A reputable polling organisation has reported that returns taken over 2009 give vote shares of: Conservative 42%, Labour 26%, Liberal Democrat 19%.

Brown, the holder of the office of prime minister but unelected by his Party or by the country, has attempted to use the parliamentary majority of his predecessor, who he drove from office some two and a half years ago, to build a new vision of post democratic progressive governance.

Unfortunately this new vision has encompassed the collapse of the British economy, the plunging of the country into trillions, not billions of debt, and the devaluation of sterling by over a third against the US dollar and the euro, accompanied by grotesque rises in unemployment levels and sharp rises in inflation.  After printing £200 billion in the  'quantative easing' fiasco the country managed to achieve 0.1% growth following the longest recession since the Second World War, finally returning to such anaemic growth long after every comparable economy.

The governmental stasis into which the United Kingdom has sunk is an indictment of the constitutional vandalism practised by the New Labour regime of Brown and his predecessor over the last 13 years in office.  It is a relief today to see that Brown's regime - which was calling for still more expenditure and debt -  is no longer in control as other centres of power within our governing structures attempt to limit the damage he and his cabal have wrought.


Caronte said...


It looks like a Hung Brown rather than a Hung Parliament.

hatfield girl said...

I am trying hard to fascinate myself with polling arcana C, despite years ago having decided that polls are simply another form of standard political analysis dressed up as scientific takes on intention followed by chaps in anoraks doing low-level statistical grasp.

I'd bet my angelic boots against Peter Kelner's glasses that Brown-hate-and-despise levels haven't fallen an iota since we all had to look at him more closely. Were it possible for Brown-distaste to rise to higher levels it would, except it hit its ceiling from first glimpse.

Labour supporters who argue for their Party but not its current embodiment should think hard as to whether they shouldn't join the rest of us in disinfecting the UK body politic of what they have so signally failed to rid their Party.