[jambutty]

Originally Posted by Neil

Labour have lost Glasgow East by 365 seats to the SNP which overturned a gigantic 13,500 majority.

Is it all down hill now for Gordon Brown and the Labour party?

That comes as no surprise.

It’s been downhill ever since he picked up the poisoned chalice that Blair left him who was already half way down the slope.

The problem is that he will take us down with him and when Labour get kicked out come the next election, as surely they will, he will pass on an even larger poisoned chalice.

If this country were a PLC it would have filed for bankruptcy long ago. As it is the current Chancellor is considering changing the rules on government borrowing by increasing the limit to 50% of GDP and now Labour is selling off more of the family silver.

Moves are afoot to sell off the country’s 35% stake in the British Nuclear Power industry to Centrica and a French company for some £14 billion, thus netting the treasury some £4 billion.

Centrica, as we all know, supplies the gas to this country and is forecasting a 60% rise in gas prices in the not too distant future. I don’t suppose that the real reason for the increase has anything to do with gathering in more funds to pay for their share in BNFL rather than then declared link to the price of oil?