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Nadeem Walayat Financial Markets Analysiis and Trend Forecasts

Labour Ministers Stab Gordon Brown in the Back, MP Email

Politics / UK Politics Jun 03, 2009 - 02:53 PM GMT

By: Nadeem_Walayat

Politics

Best Financial Markets Analysis ArticleThe latest in a line of resigning Labour Government Ministers to stab Gordon Brown the British Prime Minster in the back was the local government Minister, Hazel Blears, who struck a day before the local elections with maximum damaging effect. In her resignation letter, Hazel Blears is clearly pushing for Gordon Brown himself to follow suit and resign:


Dear Prime Minister,

As you know, for some time I have been considering my future contribution to public life, and I have decided to resign from the Government.

I am proud of my service to the Labour Government over the past eight years, and proud of what we together have achieved for the people of our country. As public health Minister, as counter-terrorism Minister, as chair of the Labour Party, and as Communities Secretary, I have worked hard to turn Labour's values into practical policies which directly benefit hard-working families.

I remain convinced that Britain is better served by Labour Government than any of the alternatives, and will work tirelessly to see Labour elected at the next General Election.

My politics has always been rooted in the belief that ordinary people are capable of extraordinary things, given the right support and encouragement. The role of a progressive Government should be to pass power to the people. I've never sought high office for the sake of it, or for what I can gain, but for what I can achieve for the people I represent and serve.

In this next phase of my political life I am redoubling my efforts to speak up for Salford people as their Member of Parliament. I am returning to the grassroots (where I began), to political activism, and to the cut and thrust of political debate.

Most of all I want to help you and the Labour Party to reconnect with the British people, to remind them that our values are their values, that their hopes and dreams are ours too, and to expose the policies of the Conservatives.

Yours sincerely,

Hazel Blears

Secret Labour Email

I have been sent an increasingly not so secret email that is being circulated by rebel Labour MP's that calls on Gordon Brown to resign with immediate effect.

Dear Gordon.

Over the last 12 years in government, and before, you have made an enormous contribution to this country and to the Labour Party, and this is widely acknowledged.

However, we are writing now because we believe that, in the current political situation, you can best serve the Labour Party and the country by stepping down as party leader and Prime Minister and so allowing the party to find a new leader to take us into the next General Election.

The strategy is for the rebellion to reach critical mass of 60 or 70 Labour MP's which would be enough to force Gordon Brown's hand bring about a Leadership challenge.

As things stand at this point in time there literally is a 50/50 chance that Gordon Brown may be forced to stand down within a matter of days of the results of the European Election to be held tomorrow. Only a miraculous poll showing can avert crisis for Gordon Browns premiership.

As I have warned several times over recent weeks, that Labour MP's in a panic following the expenses claims meltdown are increasingly clutching at straws to save themselves from electoral wipeout with mainstream projections showing an general election resulting in labour losing more than 200 seats to as low as 140 MP's. However my analysis of the economy shows that the Labour governments policies are likely to ignite an strong economy recovery into Mid 2010, i.e. for the May 2010 election and therefore if Labour can continue to delay the election until May 2010 then their poll prospects are much improved with my forecast of 225 seats, against current projections of 140, and Labours current tally of 356 MP's

By Nadeem Walayat
http://www.marketoracle.co.uk

Copyright © 2005-09 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 20 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis specialises on the housing market and interest rates. Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication. We present in-depth analysis from over 250 experienced analysts on a range of views of the probable direction of the financial markets. Thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

Nadeem Walayat Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

Anon
04 Jun 09, 13:04
Labour mp's

I don't know why the backbenchers are getting so excited about - they would be better off polishing and re-drafting their House of Lords application forms. They're not going to do any better in the general election next year with Alan Johnson anyway, as there is a general public perception of loss of comfidence in the Government in general. The last year has just felt like the spiralling, inevitable slow drawn-out death that is so reminiscent of John Major's last 18 months in office. Doomed. Doooomed


Cyril
04 Jun 09, 19:24
Gordon Brown

I have been more than critical of Gordon Brown for years, but at this moment it is hard to choose anyone else who could do better. At least Labour has a list of policies! I still don't know what the Tories are about; their policy is to merely to wait in the wings for Labour to lose. Why can't people just wait until we know the outcome of the current elections because there is no way that Gordon Brown is going to throw his hand in before the game is played out.


Jordan
04 Jun 09, 19:24
Brown will go

Brown will be forced out in a scenario that mirrors the last days of Thatcher.... Harriet Harmon/David Milliband will take over on an imterm basis and a general election will be held in early september...thats what my bet says!!!


GDL
04 Jun 09, 19:26
Replace Brown

The only hope to stop the Tories is for Labour to replace Brown, with Brown gone, Labour would be able to win enough seats, to enable an coalition with the Lib-Dems, who will have

significant gains in the forthcoming election. Vince Cable

would be able to sort out the mess.


J
04 Jun 09, 19:28
election

Seriously, how much longer can this thick-skinned Scot deny us a general election? Why on earth would he want to stay in power when he's becoming one of the most hated men in the UK and his period in the premiership is making us a global laughing stock. Unimpressed, very unimpressed.


G Butler
04 Jun 09, 19:31
Time for a change!

It is not just Gordon Brown who is the problem, it is the entire Labour Government.

Massive debt, massive failure.

Time for Change !


Karl
04 Jun 09, 19:32
Financial crisis

The IMF recently said that the governments actions had actually prevented the country from heading into a much more serious depression/recession. Would the tory's and Cameron have done any better in if they were put in Gordons position? Probably not, and lets no pretend they would have regulated the banks and stopped the housing bubble if they had been in power...

The political merry-go-round continues lets have the torys back for 2 terms then the chances are we'll be back to wanting labour again...


James Purnell
05 Jun 09, 02:34
My Resignation Letter to Gordon Brown

Dear Gordon,

We both love the Labour Party. I have worked for it for 20 years and you for far longer. We know we owe it everything and it owes us nothing.

I owe it to our party to say what I believe no matter how hard that may be. I now believe your continued leadership makes a Conservative victory more, not less likely.

That would be disastrous for our country. This moment calls for stronger regulation, an active state, better public services, an open democracy.

It calls for a government that measures itself by how it treats the poorest in society.

Those are our values, not David Cameron's.

We therefore owe it to our country to give it a real choice. We need to show that we are prepared to fight to be a credible government and have the courage to offer an alternative future.

I am therefore calling on you to stand aside to give our party a fighting chance of winning. As such I am resigning from government.

The party was here long before us, and we want it to be here long after we have gone. We must do the right thing by it.

I am not seeking the leadership, nor acting with anyone else. My actions are my own considered view, nothing more.

If the consensus is that you should continue, then I will support the government loyally from the backbenches. But I do believe that this question now needs to be put.

Thank you for giving me the privilege of serving.

Yours,

Rt Hon James Purnell MP


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