In place of government ....desperation and selfishness
Brown and Darling have accepted defeat. What they are now about is vengeance.
So the naked bone headed electioneering that is going to be in the new financial regulation bill will just do the country vast damage.
Why ?
- Because its an incomes policy ( head back to the last major Labour failure in the 70's for a review of that ). We know that once a power is on the books Labour will want to expand it and use it for other purposes ( and international companies will assume the same and locate else where ).
Because we need the taxes that these people and their companies pay. A friend of mine works for a company of lawyers who help businesses relocate away from the UK ( mostly to Switzerland right now apparently due to recent changes in legislation ) - she's very very busy and this will make things far worse. This is very good news for the citizens of Switzerland but disastrous news for the vulnerable in the UK. ( Which shows you how nakedly selfish and spiteful Labour have now become ).
Its another example of gesture politics to grab headlines and hurt the country at the expense of actually doing something helpful.
Labour have now become all about the careers and benefits of its elected members and vengeance upon the country they now fear will reject them.
Update See a similar line taken in the Daily Telegraph on Tuesday 17th Nov 09