27 January 2010

Brown will take “it on the chin”

A senior Labour figure reveals Labour's strategy should the election be on 6 May, which is after 23 April when figures will be released that may show the economy has slipped back into negative growth.

If it happens, we will just have to take it on the chin.

When has Brown ever taken anything on the chin?

But it is increasingly likely that the small matter of the election will be decided by people in a far away country of which we know little.  Bill Gross, the highly influential co-founder of California-based fund mangers Pimco, tells it straight:

The UK is a must to avoid. Its gilts are resting on a bed of nitroglycerine.  High debt with the potential to devalue its currency present high risks for bond investors.

It will not matter one bit when the election is if the markets get restless and decide to move.  Gordon Brown is fast running out of options.

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  1. "When has Brown ever taken anything on the chin?"

    Are you familiar with the term "teabagging"? :o)

  2. No, but I am now. Thanks for the link yesterday.