Whilst the Punch and Judy show that PMQ’s has become was distracting the collosseum crowds upstairs, Mervyn King lobbed an Exocet into the basement of 10 Downing Street with surgical precision yesterday.
There were more gems in this speech than any regal crown.
Take this one – ‘what is needed is a credible statement’ – a beautifully crafted phrase that was laser guided to fly in through the keyhole of No 10, before exploding its crude message of ‘I’m telling the oiks they haven’t yet heard the truth’.
Or this – ‘the scale of the deficit is truly extraordinary […] there will certainly need to be a plan for the lifetime of the next parliament […] to show how those deficits will be brought down […] to figures below those which were shown in the Budget figures.’ – a cluster bomb, contents ranging from ‘I can’t believe my eyes’, to ‘whoever gets in next time round will need five years to even begin to make a dent in these figures’, with an aftershock of ‘ the budget figures you were fed were nonsense on stilts’.
My personal favourite was ‘I don’t think the chancellor is remotely relaxed’ – the unseen suicide bomber this, ‘I understand that the chancellor is having a nervous breakdown over all this, and I sympathise with his difficulties in the Brown bunker’.
The killer blow, though, was landed by the Excoet.
‘We were given a statutory responsibility for financial stability in the Banking Act. The question I put to you in February, and to which I’ve not really received any adequate answer from anywhere, is what exactly it is that people expect the Bank of England to do? […]
If you’re content with that, that’s fine by me. What you can’t do is turn around afterwards and say ‘You have the statutory responsibility, why didn’t you do something?’ when there is nothing we can actually do.’
There you had it, the Bank of England has been nobbled, there is nothing they can do to stop the carnage, just as there is nothing parliament can do to remove Gordon Brown, the man is out of control and unstoppable.
Even Nick Robinson, that bastion of support for Gordon’s lies was forced to call his claim that capital expenditure was ‘going up’ an ‘inaccurate claim‘ yesterday.
The British public should be camped on the grass of parliament square, chanting ‘Out! Out!, Out!’; we deliver portaloos to make the Tamils more comfortable whilst they protest, we cheer our celebrities as they protest on behalf of the Gurkhas, we line the streets in our millions to protest against the Iraq war, but we cannot work up the energy to take direct action on our own behalf.
Mervyn King has told you the truth, are you happy to sit quietly not making a fuss whilst the consequences wash over you?