"Coalition of Losers" by Steve Payne
Author
says: what if a Progressive Coalition succeeded in keeping the Tories
out? Please note that the opinions expressed in this post do not necessarily
reflect the views of the author(s).
In 2010, May 10th:
on this day the formation of a minority British Government by a "Coalition
of Losers" was accompanied by ominous rumblings about the sterling markets'
response.
Banque Nationale de Paris immediately advised investors to sell the pound
warning that "A Labour/Liberal government...would almost guarantee a
downgrade of the UK sovereign...since both parties agree that early
expenditure cuts could harm the economy".
"A Labour/Liberal government...would almost guarantee
a downgrade of the UK sovereign...since both parties agree that early
expenditure cuts could harm the economy" - BNP ParibasThe loss of one
hundred Labour seats made the Conservatives the largest single party in a
hung parliament. But constitutional precedent permits the incumbent
administration the right to form a government if no party commands a
decisive majority. Because of his style of leadership, Gordon Brown
recognised that he was an unsuitable Prime Minister for a new, collegiate
form of cabinet government. Keen to prevent the Tories undoing his legacy,
he resigned, opening the way for a Progressive Coalition to take power.
The reaction in the media to a second, successive unelected Labour leader
was immediate and fierce. "This shabby stitch-up" (Daily Express),
"a squalid day for democracy" (Daily Mail) and "a very Labour
coup" (Daily Telegraph). More frightening still would be the reaction
of Rupert Murdoch who had supported the Tories on the basis of an agreement
to regulate the BBC which would favour Sky Broadcasting.
Author
says content has been repurposed from the source content from an article
in the May 31st 2010 Edition of
The Nation. To
view guest historian's comments on this post please visit the
Today in Alternate History web site.
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