Monday, May 10, 2010
From GOATS To COAL!
It looks like Labour, having formed a GOAT (Government Of All the Talents) which did not work out that well will now try to form a COAL.
That is a Coalition Of All the Losers.
And with that many parties in it, it will be about as stable as a blancmange.
On the announcement of formal talks between Labour and the Liberal Democrats, after the close of the UK markets, the pound having gained 0.8 cents on the day fell by a whole 1 cent.
If there is a coalition between Labour and the Liberal Democrats and various other parties it will be unstable and will collapse relatively soon.