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Is the Tory Party conference a non-starter?

While the Conservative Party conference kicked off in good style yesterday with a few headline grabbing comments and new policies many are actually calling for the conference to be called off in light of the events in the wider investment markets. The demise of Bradford and Bingley (strangely timed just as the conference began), the collapse of a raft of European powerhouses and the rejection of the US bailout by Congress has left little room for the Tories in the headlines.



There has even been a call for Parliament to be reconvened to discuss the issues and the fact that it has all gone horribly wrong in the US. The UK stock market fell 5% on news of the Bradford and Bingley demise and the rejection of the US deal (which came after the markets had closed) is expected to prompt a similar fall tomorrow on UK markets.



Last week Gordon Brown said he would back the US deal even without knowing the detail, but with the UK now in a tail spin will these words come back to haunt our iron fisted PM?



If investors thought life had been tough over the last few weeks they haven't seen nothing yet!

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