Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
THEY DON'T RING THE BELL AT THE CRPTO MARKET TOP! - 20th Dec 24
CEREBUS IPO NVIDIA KILLER? - 18th Dec 24
Nvidia Stock 5X to 30X - 18th Dec 24
LRCX Stock Split - 18th Dec 24
Stock Market Expected Trend Forecast - 18th Dec 24
Silver’s Evolving Market: Bright Prospects and Lingering Challenges - 18th Dec 24
Extreme Levels of Work-for-Gold Ratio - 18th Dec 24
Tesla $460, Bitcoin $107k, S&P 6080 - The Pump Continues! - 16th Dec 24
Stock Market Risk to the Upside! S&P 7000 Forecast 2025 - 15th Dec 24
Stock Market 2025 Mid Decade Year - 15th Dec 24
Sheffield Christmas Market 2024 Is a Building Site - 15th Dec 24
Got Copper or Gold Miners? Watch Out - 15th Dec 24
Republican vs Democrat Presidents and the Stock Market - 13th Dec 24
Stock Market Up 8 Out of First 9 months - 13th Dec 24
What Does a Strong Sept Mean for the Stock Market? - 13th Dec 24
Is Trump the Most Pro-Stock Market President Ever? - 13th Dec 24
Interest Rates, Unemployment and the SPX - 13th Dec 24
Fed Balance Sheet Continues To Decline - 13th Dec 24
Trump Stocks and Crypto Mania 2025 Incoming as Bitcoin Breaks Above $100k - 8th Dec 24
Gold Price Multiple Confirmations - Are You Ready? - 8th Dec 24
Gold Price Monster Upleg Lives - 8th Dec 24
Stock & Crypto Markets Going into December 2024 - 2nd Dec 24
US Presidential Election Year Stock Market Seasonal Trend - 29th Nov 24
Who controls the past controls the future: who controls the present controls the past - 29th Nov 24
Gold After Trump Wins - 29th Nov 24
The AI Stocks, Housing, Inflation and Bitcoin Crypto Mega-trends - 27th Nov 24
Gold Price Ahead of the Thanksgiving Weekend - 27th Nov 24
Bitcoin Gravy Train Trend Forecast to June 2025 - 24th Nov 24
Stocks, Bitcoin and Crypto Markets Breaking Bad on Donald Trump Pump - 21st Nov 24
Gold Price To Re-Test $2,700 - 21st Nov 24
Stock Market Sentiment Speaks: This Is My Strong Warning To You - 21st Nov 24
Financial Crisis 2025 - This is Going to Shock People! - 21st Nov 24
Dubai Deluge - AI Tech Stocks Earnings Correction Opportunities - 18th Nov 24
Why President Trump Has NO Real Power - Deep State Military Industrial Complex - 8th Nov 24
Social Grant Increases and Serge Belamant Amid South Africa's New Political Landscape - 8th Nov 24
Is Forex Worth It? - 8th Nov 24
Nvidia Numero Uno in Count Down to President Donald Pump Election Victory - 5th Nov 24
Trump or Harris - Who Wins US Presidential Election 2024 Forecast Prediction - 5th Nov 24
Stock Market Brief in Count Down to US Election Result 2024 - 3rd Nov 24
Gold Stocks’ Winter Rally 2024 - 3rd Nov 24
Why Countdown to U.S. Recession is Underway - 3rd Nov 24
Stock Market Trend Forecast to Jan 2025 - 2nd Nov 24
President Donald PUMP Forecast to Win US Presidential Election 2024 - 1st Nov 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Gordon Brown Bottling Out of Calling a UK General Election As It All Goes Wrong

ElectionOracle / UK General Election Oct 06, 2007 - 10:20 AM GMT

By: Nadeem_Walayat

ElectionOracle Gordon would have thought the way he handled the series of crisis since taking over as Prime Minister barely 100 days ago would have adhered him to the British Electorate, ensuring him of a swift general election victory.


He had to contend with

  • The Glasgow failed Terror Attacks
  • The worst floods in over 100 years in many populated parts of England
  • Return of Foot and Mouth and to be lately joined by blue tongue
  • Global Credit Crunch sparked by the US Housing bust.
  • Northern Rock Bank Bust - As a direct consequence of the credit crunch. This was the first failure of a UK bank in 140 years.

Up until a week ago Gordon Brown was riding high in the polls, comforted by a series of polls suggesting a lead over the conservatives of some 11%, more than enough to ensure a landslide victory.

So where did things start to go wrong ?

  • Gordon Browns electioneering visit to Iraq, and his false statements of 1000 troops coming home before December, the fact is that NO extra troops will be coming home. As the announcement refers to 500 troops already out of Iraq and 500 troops that were destined to go to Iraq. Miss-informing the electorate on the eve of an Election is a big mistake!
  • Tory Tax Cuts - Cameron's Tory part threw in the towel with regards budgeting and financial competence and promised huge tax cuts in the form of raising the threshold on the highly unpopular Inheritance Tax to £1,000,000. It does not matter that the costing of which is highly bogus, what mattered were headlines which implied a clear difference between the Tories, a Tax cutting party and Labour a Tax Raising Party.
  • NHS Announcement - Basically the public have lost confidence in the running of the NHS, they have seen a tripling in budgets resulting in little increase in output. GP's awarding themselves obscene 30% annual pay deals when the extra funding was meant for improving patient healthcare. Therefore ironically the public have warmed to a more austere approach to the NHS that the Tories would represent. I.e. to re-negotiate GP contracts so that they cut back on playboy lifestyles and spend more time in the surgery diagnosing patients.

Gordon Brown is gradually blowing an opportunity to get elected with an huge landslide because he is trying to be a Tony Blair, when he is not ! He needs to be decisive and cut the spin, both of which had stood him well during his first 3 months. The dithering over the calling of the election has hurt him in the polls and will likely continue to do as fridays polls show barely a 3% lead down from 11% just a week ago!

He needs to announce one way or another with near immediate effect! Whether or not there will be an Election in November. As every single day that he delays is costing him votes. However, should he call an election on Monday then likely it will be followed by a bounce in the polls from the current picture which is as a result of perceived indecision.

By Nadeem Walayat
(c) 2005-07 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication. We present in-depth analysis from over 100 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

© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in