Welcome to the 1960s, serfs. It's what we call 'progressive' government.
Lionel Barber, editor of the FT (Randall, Sky), just called Gordon Brown's reversal of himself on Northern Rock, ' a Stop-Go policy.' Ah, memories. So, our Labour government is officially in the mortgage business when commercial banks cannot be. (Eh? No, of course it's not distorting the market. Is it, Gordon?)
Hm. I wonder what the betting is on that pre-emptive 2009 election? No, don't bother. Gordon 'Cunning Plan' Baldrick will have another new-old idea overnight. He still hasn't finished reading about what the do-something Tories did when they were in power and didn't shove the economy down the shitter like every single Labour government we have ever had.
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