Friday, December 07, 2007

Northern Rock Nationalisation could save Independence

Vince Cable has described Gordon Brown as "petrified by indecision" on the topic of Northern Rock, here, as we learn that one of the main bidders has withdrawn, here. Nationalisation is reported as requiring at least one full day of parliamentary time to push through, certainly a perfect excuse for Brown to cease agonising over an even more awesome decision - whether or not to sign away the nation's independence next Thursday in Lisbon! If Thursday is chosen as the day for the nationalisation legislation all MPs will be required to remain in London with the economic whirlwind likely to then take so much in its wake that Britain's failure to sign might be seen as incidental. At present the EU Reform Treaty appears a comparatively low key matter, but this cannot continue once it has been signed, for the Government is committed to finally releasing the full text to the House of Lords at the same time. The request by the EU Scrutiny Committee, chaired by a Labour MP, to allow debate on the floor of the House before the Treaty has been signed is being ignored, this must become a major issue if Britain becomes a signatory to a document that will for ever bind Westminster. Brown's name as Britain's destroyer will outlive even the Northern Rock fiasco and the economic incompetence it illustrates as being the main Brown legacy and my guess is that he knows this is true! The Constitutional arrangements in the UK are now so muddled that once the Treaty is signed our partners might be able to make a valid case that if Westminster is the sole parliament refusing ratification any veto is no longer relevant. Where would such a case then be argued? An interesting week lies ahead, if next Friday New Labour have signed the document, even more interesting years will lie ahead for a decimated Britain.

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