Yesterday Gordon Brown was in Strasbourg to drum up support from the Europeans for a global fiscal stimulus package ahead of the vital G20 summit in London next month. I am happy to report that the European leaders don’t seem very keen on a further stimulus package and could cause the G20 summit to fail. After delivering his speech to the EU Parliament he was ambushed by the brilliant Conservative MEP – Dan Hannan and UKIP leader Nigel Farage. Hannan, oratorical genius that he is, served up some great home truths in reply to Brown’s address to the European Parliament. Hannan’s speech was just three and a half minutes long, but what a tour-de-force. Gordon was reduced to a grinning, squirming, wreck, as he endured the bombardment. Not so easy without Gorbals Mick is it Gordon?
The speech was ignored by the BBC but it has already had more than eighty thousand views on YouTube, Downing Street’s video of Brown’s address on the other hand has had only 219 views. It is currently the most watched video of the day and has even been featured on the Drudge Report.
Today Brown continues his world tour today by visiting New York to drum up yet more support. Yet back in Britain the Governor of the Bank of England – Mervin King, has let it be known, in no uncertain terms, that we can’t afford another fiscal stimulus. King’s comments bring him into direct confrontation with the government, and align him with the Conservative’s position that we should not increase national debt further. The Bonds market seems to agree, as it went on strike today, unwilling to pay for the dodgy debt.
UPDATE – The video has now been viewed more than 260,000 times!