Yet another blow for Brown:
Two Labour donors who have given the party nearly £1.7m have withdrawn their support amid growing concerns about Gordon Brown’s handling of the economy.
Sir Christopher Ondaatje, a Canadian publisher, and David Potter, chairman of Psion computers, are understood to be worried by the high levels of consumer debt and the recent “run on the bank” by customers of Northern Rock.
Their decision comes as a further blow to Brown, who is struggling to regain credibility after his decision not to call a snap election. Labour is also significantly in the red, with net debts of £20m, including £14m of outstanding loans. (The Times)
Even though the Telegraph poll which gave the Conservatives a seven point lead over Labour still gives the Brown-Darling combo an eleven point lead over Cameron-Osborne partnership on the economy, this is a big drop from an earlier - though not directly comparable - poll result.Sir Christopher Ondaatje, a Canadian publisher, and David Potter, chairman of Psion computers, are understood to be worried by the high levels of consumer debt and the recent “run on the bank” by customers of Northern Rock.
Their decision comes as a further blow to Brown, who is struggling to regain credibility after his decision not to call a snap election. Labour is also significantly in the red, with net debts of £20m, including £14m of outstanding loans. (The Times)
These now former Labour donors think that Brown is leading the country into an economic crisis. If he does, that will kill him in the country. He bases his entire reputation on the apparent stability of the economy over the last decade. We will soon see whether this was simply despite, rather than because of, him.
Source: The Times
