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Gordon Brown suns himself in Brazil as the troubles continue back home

Gordon Brown's whistle-stop tour of the world continues while the UK economy continues to fall and significant members of the financial community begin to speak out against the government's ongoing economic policy. Slowly but surely there is an feeling that Gordon Brown is being ambushed by the likes of Alistair Darling and Mervyn King, both of whom have been very vocal in the financial press over the last few days.

Subtle comments regarding the ever increasing national debt in the UK have filtered through into the financial markets and effectively scuppered Gordon Brown's plans to take on significantly more debt to try and refloat the UK economy. While the recent one-off gilt auction failure was not really a major concern there is no doubt that investor appetite for UK national debt is not strong as it was just 12 months ago.

There is a feeling within the financial and political sectors that Gordon Brown is being "stitched up" as he continues his tour around the globe trying to curry favour with governments for his economic investment programme. His days as the "Iron Chancellor" have long gone although the G20 summit is something Gordon Brown has been promoting very heavily as the beginning of a recovery in the worldwide economy. At this moment in time, Gordon Brown probably needs the G20 summit more than the G20 summit needs him!

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