We’ve made the point before that Brown’s fortunes are largely wedded to the state of the economy. After all, he took all the credit for its buoyancy during his time as Chancellor. So he seems to be the best candidate to take the blame now things have gone awry.
The worry for Team Brown is that things may be about to get a whole lot worse. Over the past few days, the chatter from monetary policy makers has been of how both the private and public sectors need to show pay restraint in order to prevent a particularly vicious inflationary spiral. Trouble is, many public sector workers don’t exactly share the Treasury’s worries. Today some 600,000 council workers backed a strike over pay.
Of course, the Government has stood firm in the face of various pay demands this year.
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