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Stephen Pollard

ByStephen Pollard, Stephen Pollard

Opinion

Brown's bonds

January 23, 2008 24:00
2 min read

Leo McKinstry has an excellent column in today's Express on the Northern Rock fiasco: Brown has long portrayed himself as a financial genius but the mess of Northern Rock exposes him as a hollow fraud. The Prime Minister has not only presided over the first run on a British bank since 1866 but he has also put public funds at risk on a colossal scale.

The only reason the Brown administration has been so obsessed with Northern Rock is that it is based in the Labour heartland of the north-east, where Labour holds 28 of the 30 Parliamentary seats.