General Election – Will You Vote For Gordon Brown?

Sir John also warned of bleak economic times ahead, adding: “It’s beginning to unravel in quite a serious way. The economy is running into serious difficulty.”

Pointing out that Mr Brown as Chancellor introduced the financial regulatory regime that allowed the near-collapse of Northern Rock, Sir John predicted that the bank’s failure would cost taxpayers more than the £3.4 billion his Government spent trying to keep the pound in the Exchange Rate Mechanism in 1992.

“We don’t yet know what the cost of Northern Rock to the economy will be, but it is quite likely that it will exceed the cost to the taxpayer of Black Wednesday,” he said.

Sir Victor Blank and Gordon Brown have made a bad banking crisis worse by fatally contaminating one of Britain’s few good banks. Mr Brown was the foster parent. People should remember this the next time either of them claims to have acted competently during this crisis. Sir Victor should go now; the electorate can decide on Mr Brown’s fate when he deigns to call an election.