Quote of the Day

Matthew d’Ancona writes

“Cameron’s specific difficulty last week was not so much that he under-performed, but that Clegg stole his act. It was Clegg, not Cameron, who came across as the insurgent, promising the viewers a fresh start after a period of mouldy decline and moral decay. It was Clegg, not Cameron, who communicated a sense of mission..”

Brown Attacks “Moral Bankruptcy” of Goldman Sachs

On the Marr show Gordon raged against the moral bankruptcy of Goldman Sachs; “I want a special investigation done into what has happened at Goldman Sachs.”

Perhaps he could ask Gavyn Davies to investigate? For many years he has been advised by Gavyn Davies, who made some £150 million during his period as a Goldman Sachs partner.

It was Davies who last year urged Gordon to implement Mugabenomics, turn on the printing presses and call it quantitative easing. Davies has been a big donor to the Labour Party and a long-term supporter. Davies’ wife Sue Nye was Gordon’s private secretary in Downing Street and they are known to be good friends. Perhaps it was they who stole Gordon’s moral compass.

UPDATE : The more Guido thinks about this, the more he likes Gordon’s idea. Questions Guido would like the Goldman Sachs special investigator to get answered:

  • Exactly how many boardroom lunches and suchlike did Gordon Brown have with Goldman Sachs figures?
  • During the many lunches Gordon had with Goldman Sachs did he discuss policy or matters which they were able to exploit to their advantage in the markets?
  • Goldmans were known to be major sellers of gold before Brown announced his extraordinarily ill-conceived plan to sell the Bank of England’s gold reserves.
  • Gavyn Davies was an adviser to Gordon Brown during this period.  Did he recommend, advise on or know anything of the intended gold sales policy?  Did Sue Nye know of the intention to sell gold?


These are not matters of little import, Gordon’s gold sales debacle cost the Treasury £6 billion, the amount that Gordon claims will devastate the economy if the Tories cut it from public spending. The bank is known at rival firms as ‘Government Sachs’ because senior partners keep so close to governments and in particular finance ministries…

The Change Coalition

Imagine it is the afternoon of May 7…

The Tories have received 33% of the popular vote, LibDems 29% and Labour 24%, a strong 6% showing by the BNP concentrated in Labour heartlands has shocked the political system and given the party its first Westminster MP in Stoke, where Labour’s vote split. UKIP’s Nigel Farage has taken Buckingham, after two recounts, by 7 votes.  Ed Balls has lost his Morley and Outwood seat to the Tory hero of election night, Antony Calvert.  The SNP has made strong gains strengthening Alex Salmond’s claims for Scotland to be granted more self determination.

Due to the iniquities of the electoral system Labour is still the largest party in Westminster, just.  Harriet Harman has demanded Gordon Brown resigns and announced her intention to seek the leadership, Miliband hasn’t been seen. Charlie Whelan publicly tweets blame on Mandelson’s electoral strategy and “corrupt Blairites” for Labour’s defeat.  Alastair Campbell is bailed at West London Magistrates’ Court after his live on-screen 3 a.m. drunken assault on Nick Robinson.

After unofficial back-channel communications between Samantha Cameron and her third-cousin at Buckingham Palace all morning, the Queen’s Private Secretary calls the leader of the Conservative Party and asks him to come to the palace.  The Private Secretary then calls Nick Clegg and asks him to come to the palace as well.

In what is the iconic picture of the election, Cameron walks out of his Millbank headquarters along the Thames embankment to 4 Cowley Street where Nick Clegg greets him and together they walk purposefully towards the Mall surrounded by photographers and cameramen as crowds cheer and many ask “which one is which?”

In what were reportedly good natured discussions all morning the terms of a “Change Coalition” had been agreed by 3 pm.  Clegg as expected is Home Secretary and Deputy Prime Minister, Cable is Chancellor, Osborne takes his old sparring partner’s job at Business. Phil Hammond and David Laws are tasked with cutting spending and reforming taxation at the Treasury.  Lord Adonis remains as the government’s Transport Minister, Frank Field returns to the Department for Work and Pensions, both take the Liberal whip. Chris Huhne, ominously for the coalition, chooses to go to the backbench rather than accept cabinet collective responsibility as Defence Minister.

The most difficult horse-trading over the coalition was of course over Europe and electoral reform. Hague went to the FCO much to the relief of the Tory base and Ed Davey becomes the cabinet’s Minister for Constitutional Reform (Douglas Carswell gets a promotion as his deputy with special responsiblity for localism).   The leaders realised that they could not take their respective parties with them if they compromised on either of these two issues.

The average age of the cabinet is now 44, the centre-piece of the Queen’s speech is to be a Great Repeal Bill, undoing 13 years of authoritarian legislation and strengthening civil liberties, restricting the growth of the surveillance and database society. The Big Society reform programme promises to fundamentally re-balance state and society in favour of a smaller more open government.  Cable promises an emergency budget within 30 days signalling tough action on the deficit.  The gilt market hits a 3 year high and the pound rallies 12% on the close.

Norman Tebbit, who was by her bedside, blogs the sad news that Baroness Thatcher has passed away.  Her last words were “Norman, they buried the Labour Party before me.”

Punters on Politics Smarkets says there is a 56% chance of a hung parliament

Where’s Gordon?

A quick glance at TheStraightChoice leaflet archive shows that not a single Labour candidate has deemed it a good idea to put Gordon on their literature. Guido will give a copy of The Big Red Book of New Labour Sleaze to the first person who sends him a scan of such a leaflet. Obviously not from Kircaldy…

UPDATE : David Jessop wins the book, Daniel Zeichner in Cambridge has a tiny picture of Jonah him on his leaflet.



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Quote of the Day

Charles Clarke says Cameron is the most successful PM for over a century…

“Under Margaret Thatcher the Conservatives gained 99 seats. They lost 211 under John Major, gained one under William Hague, quickly and wisely got rid of Ian Duncan-Smith, gained 32 under Michael Howard and have so far gained 133 under David Cameron who, to the great surprise of many (including senior Conservatives), has turned out to be the most electorally successful Tory leader since 1900.”

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