The economics of politics in the UK
How to regain some political support and respect in the midst of a crisis.Brown's political fortunes revive
"Once dismissed as Britain's ditherer in chief, Prime Minister Gordon Brown has taken decisive action to rescue the nation's banks, charting the way for bailout packages in the United States and the European Union."If the coordinated push to save the global economy works, history may look back on Brown as a savior.
"For the moment, Brown may have more modest hopes: reviving his political fortunes on the back of the widespread praise he has received for his bold decision to take ownership stakes in ailing banks in a bailout worth $63 billion...
"For the British leader who has gone from political has-been to hero, it has been a remarkable turnaround. Since he replaced Tony Blair in June last year, Brown's Labor Party has suffered crushing defeats in a series of special elections and lost control of London's City Hall to the main opposition Conservatives."
Labels: economics, politics, UK
posted by Ken Wedding @ 6:45 AM
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Gordon Brown Gets Good Sign in Scottish Election
"An election victory in Scotland is a sign that Prime Minister Gordon Brown's Labour Party is regaining its popularity after Brown launched an unprecedented and widely praised bailout of some of Britain's leading banks.
"The vote in the former coal mining town of Glenrothes is the first since the bailout began last month. Brown's governing Labour Party has lost four special elections since the prime minister replaced Tony Blair in June 2007. The win in Glenrothes breaks the losing streak and could breathe some new life into Labour's third term..."
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