26/03/2009 by admin.

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26/03/2009 by admin.

Brown ‘Terribly Fragile’ After Bond Auction Flops (Update1) - Bloomberg.com

Gordon Brown could have done with a better press before the G20 summit next week. First of all there was the absolute refusal of his so-called deputy in the House yesterday to say whether the Government did or did not agree with the statement of Mervyn King that the scope  for future fiscal measures was, and should be, severely limited. Then came the incomplete take-up of the Gilts issue yesterday. This prompted an extraordinarily unfavourable review of Brown’s position by Bloomberg (Click the above link) . They end by comparing his position to that of John Major just before he lost the 1997 election. But of course this should not unduly encourage the Conservatives who still need an enormous shift in their popularity in the key marginals before they can assume that they will form the next government.

Are we, in fact getting to the hopeless stage where some Conservatives may not even wish for this? We shall see next week how far the unrest that will undoubtedly occur might change people’s minds. Chaos is no answer to the crisis of democracy and it is to be hoped that we shall see the rule of law prevail.

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