Questions abound after the financial panic yesterday, which saw the Dow Jones index experience its biggest-ever one-day fall and which has triggered similar drops in markets across the world. Will a(nother) bailout package be agreed upon in the US? How long might that take? Will more banks collapse? Have we seen worst of it? Only the last of these can be answered with anything like certainty, and the most persuasive answer to it is: No.
Less significant, but floating around nonetheless, are the political questions. Who will benefit, and how? Another poll this morning suggests that Labour might be capitalising from the turmoil – not only does it record a reduced gap between Labour and the Tories of 7 percent, but 43 percent of respondents think that Gordon Brown is “best in a crisis”, compared to only 33 percent for David Cameron.
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