Monday, 16 February 2009

Brown on the edge? Kavanagh calls for his head

Have the Prime Minister's chickens come home to roost?

Last week was a bad one for the Prime Minister.The James Crosby debacle started it and by the end of the week with his prints all over what was turning out to be a disasterous Lloyds-Hbos,he seems more under pressure than he has been since this financial crisis began.

Trevor Kavanagh thinks that the events may be the last straw.Writing in the Sun this morning he maintains that

After the events of last week, why has he not resigned? And if he won’t go of his own accord, how long before he is hounded out by voters whose homes, pensions and jobs he’s put in peril?

The reason he should go returns to 1997 when

The seeds were sown by Mr Brown on his first day as Chancellor, when he handed the Bank of England control over inflation — but took away their role as City watchdog.
In a fatal error, he shared out that task between the bank, the Treasury and the new but toothless FSA. Nobody was in charge of this clattering train.

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