It isn’t today’s leadership challenge ruck that’s at stake here, from where I’m sat sitting snuggled in from the snow.
What’s more, it all ended as quickly the way the last rebellion did, some six months back, presumably after Baron Munchtrousers once again threatened the rest of the revolting crew with whatever dirt or carrots he holds over them – because once again, after his most recent spell on the perimeter of the wilderness
http://www.telegraph.co.uk/news/newstopics/politics/6937514/Lord-Mandleson-Gordon-Brown-rift.html
doubtless he has been promised fresh accolades to swell his vaults.
Pimco’s stance of an ‘80% chance’ of a UK credit rating downgrade is by far a bigger smack in the cojones, seeing as the head of their European investment team is Andrew Balls. (Umm, pun intended). His brother Ed (who isn’t even up to the ranking of a talking horse) has long since had delusions of Prime Ministership. So perhaps big brother’s behind the big fat no confidence vote in the UK government’s handling of the economy.
Funny thing, that – seeing as Ed Balls was once Chancellor Brown’s economic adviser.
Oh and then he served as chief economic adviser to the Treasury for 5 years (when he was named the most powerful unelected person in Britain – see, Mandelson’s not the first) until he was finally elected as an MP less than 5 years ago.
And now Balls is tasked with handling the UK government’s re-election strategy – with such mastery.
Meanwhile the DMO are expecting to shift £187 billion in gilts this year huh.
No consolation at all, but dear Darling won’t be digging for much longer.
Even so, this is where some might say be very afraid.
