Friday 3 April 2009

Could Brown win an election?

Post G20, Brown has come out with the media spin putting him in a good light, who knows he could even go for a snap election, LA thinks that is very unlikely though. The only reason he would was if we were on the verge of calling in the IMF. Some of the phrases used post G20 by him, Mandelson and Darling all give a hint that is possible.

Would Brown go to the electorate now and then stick through the IMF claiming he had a new mandate?

There is another possibility that worries Lord Allesley. LA is starting to believe Britain may face a double troughed economic crisis.

The first slow down could well appear to be bottoming out, house prices stabilising, people (the vast majority) who have been saving for the last few months feeling a little better off. Then add in the governmental stimulus which has in reality had little effect so far, by the summer/Autumn things might on the surface seem to look a lot better. Throw in a bit of quantitative easing and the perception could be that Brown has saved the day.

It is at this point he goes to the polls thinking, at best he wins, at worst we have a hung parliament.

LA is concerned about this scenario. With a biased media, BBC in particular this nightmare could be a reality.

This would of course be smoke and mirrors economics, as Britain would then see continued rising unemployment as there is always a time lag. Then the inflationary pressures in the economy will also start to show through, poor exchange rate, printing presses running. Stagflation hits. Add to that mix the fact that we have somehow to pay for the folly of the financial stimulus. Bust Britain, with brown at the helm for a further 5 years.

How can Cameron fight this? Is this in Gordon's mind?

LA needs a drink!

LA

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