Should Brown attempt to meet Parliament with a Queen's Speech he will be defeated, not least by desertion of members of the Labour party aware of the damage to Labour of trying to cope with Brown's economic disaster when supported by members of the various Nationalist parties; parties whose votes can only be bought by failing to take the spending cuts measures demanded by the economic disaster.
Brown may state that he will not cut anything until next year; the world will not lend after next week.
There is a limit on printing money as experience of the highly inflationary days of the late 1970s under Labour's ill-fated economic policies then demonstrated. Weimar it will not be - that was over 50% a month, by Cagan's conventional definitions of inflation. Inflationary levels that really hurt as it hurt in Russia in 1992, at 2500% a year and with the dollar at 36 times its purchasing power parity, are unlikely. But 500% inflation as in Poland in 1990 (with Deutschemarks used for any serious transaction, though they are called euros now) is not unthinkable; ask the Poles how that felt. It hurt so much Poland didn't go into recession during this so-called global crisis.
There are parts of the United Kingdom - Scotland, Wales, North East and North West England and, worst of all Northern Ireland, where the majority of incomes are state incomes and fixed. Will the people there like it when the automatic stabilisers are frozen and the central bank prints money to be lent out to buy government bonds? Fixed incomes to meet inflationary bills and living costs. At the very least we will get back to the 1970s.
And our situation, while all-embracing as in war-time, is not infused with the solidarity engendered by facing a common enemy and the courage and determination that produces. We are fiercely resentful of the Brown-engineered, equally all-embracing threat to our livelihoods which we will not act together to resolve. There will be only coercion and bribery, not enthusiastic willingness to give our all to survive, for any measures our government attempts. This bodes ill for the condition of our society and our democracy.
Should the Head of State be asked to delay the new Parliament's opening, Angels would not be in the least surprised.
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4 comments:
Did GB actually resign yesterday? Or did he say that he would resign if he needed to.
It must be uncomfortable (and exciting) Could we be approaching a time when the queen will actually have to make chouices, and to take decisive action?
EG What if Lab/Lib proceed to a queens speech and it is voted down as you forecast. GB might then request HM to dissolve parliament. Would she act on his advice do it? Or would she call DC and give him a chance at a queens speech of his own ?
Meanwhile - tomorrow sees the PM weekly meeting with the Queen. I wonder what questions she will ask him? I would love to be a fly on the wall.
No, Botogol, as we all heard, he did not resign or even promise to resign. There is great obfuscation in the wording of his statement.
The next we might hear is an attempt to delay the meeting of Parliament until an elected by the Labour party Labour leader can present a Queen's speech. There are recent precedents for closing Parliament in favour of the interests of a minority government (Canada) and protests that we'll have yet another unelected prime minister can be met, in part, by demanding the time necessary to elect a leader the parliament can respond to, as our representatives. Expect some elderly we do not elect prime ministers constitutional arguments to be dusted down.
We are having to interpret layers and layers of lies from all kinds of sources.
I think it is in four months that he goes? Meanwhile he lurks like Jabba The Hut in the depths of Number 10.
However, it sounds as though Clegg has come to his senses. BBC getting very hyper, as ever.
PR is not the main dish in any feast of electoral reform; answering the West Lothian question is. 41 MPs from a country with its own parliament deny England the government it voted for.
1. West Lothian
2. Full devolution for Scotland
3. Voting system reform referendum.
Big tip of the hat to Kate Hoey who made it clear Labour should accept what has happened. She is clearly not alone in the Labour Party, and was very cold and factual about the fact that the PLP has not been consulted on anything. This is a Mandelson/Adonis/Campbell coup - all of them unelected, each of them objects of revulsion.
Well he's got to go now.
His final V2's into the Lib/Con conference have failed.
Time to go.
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