The real reason Brown got angry with Gillian Duffy
In her brief exchange with the PM, the Rochdale pensioner put her finger on everything that Gordon Brown wishes he didn't have to face up to in this election.
"Brown toast" says The Sun. It's a sentiment backed up by the headlines in most of the other papers. "Brown's bigot blunder plunges Labour campaign into crisis", says The Times headline. And even the Guardian which made Greece its main headline admitted that "bigot gaffe torpedoes campaign."
But the interesting thing about this whole affair is that it shouldn't be the bigot comment that torpedoes Brown's future, but the transcript of his conversation with the rather admirable Gillian Duffy printed in full in, among others, the Mirror. Why? Because in a matter of a few minutes she manages to put her finger on every single real issue facing Britain today, and hence every reason why Labour does not deserve any more chances.
She asks about the taxing of her pension why give with one hand and take with the other? She asks "how are you going to get us out of all this debt?" and gets the usual misleading answer about cutting "the debt in half over four years", when the plans such as they are are to cut the deficit (the amount by which we're overspending), not the debt.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Then she moves on to the failures of the benefits system "there's too many people now who aren't vulnerable but they can claim and people who are vulnerable can't claim." She gets no proper answer to that either. Next, immigration. What of the millions of immigrants putting pressure on local services? she asks. She gets no real answer. Then she fingers him on social mobility, asking how she can expect her grandchildren to go to university when fees are so high.
No wonder he lost it when he thought he was rid of her: she tried to make him confront in public nearly every single thing that Labour has been hoping we haven't noticed. I'm not sure that knowing Gordon Brown has a bad temper and can be nasty to people will make any difference to the election in itself. But if anything might make a floating voter come over all Lib Dem, the Gillian Duffy transcript has got to be it.
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
Merryn Somerset Webb started her career in Tokyo at public broadcaster NHK before becoming a Japanese equity broker at what was then Warburgs. She went on to work at SBC and UBS without moving from her desk in Kamiyacho (it was the age of mergers).
After five years in Japan she returned to work in the UK at Paribas. This soon became BNP Paribas. Again, no desk move was required. On leaving the City, Merryn helped The Week magazine with its City pages before becoming the launch editor of MoneyWeek in 2000 and taking on columns first in the Sunday Times and then in 2009 in the Financial Times
Twenty years on, MoneyWeek is the best-selling financial magazine in the UK. Merryn was its Editor in Chief until 2022. She is now a senior columnist at Bloomberg and host of the Merryn Talks Money podcast - but still writes for Moneyweek monthly.
Merryn is also is a non executive director of two investment trusts – BlackRock Throgmorton, and the Murray Income Investment Trust.
-
Energy bills to rise by 1.2% in January 2025
Energy bills are set to rise 1.2% in the New Year when the latest energy price cap comes into play, Ofgem has confirmed
By Dan McEvoy Published
-
Should you invest in Trainline?
Ticket seller Trainline offers a useful service – and good prospects for investors
By Dr Matthew Partridge Published
-
Beating inflation takes more luck than skill – but are we about to get lucky?
Opinion The US Federal Reserve managed to beat inflation in the 1980s. But much of that was down to pure luck. Thankfully, says Merryn Somerset Webb, the Bank of England may be about to get lucky.
By Merryn Somerset Webb Published
-
Rishi Sunak can’t fix all our problems – so why try?
Opinion Rishi Sunak’s Spring Statement is an attempt to plaster over problems the chancellor can’t fix. So should he even bother trying, asks Merryn Somerset Webb?
By Merryn Somerset Webb Published
-
Young people are becoming a scarce resource – we should value them more highly
Opinion In the last two years adults have been bizarrely unkind to children and young people. That doesn’t bode well for the future, says Merryn Somerset Webb.
By Merryn Somerset Webb Published
-
Ask for a pay rise – everyone else is
Opinion As inflation bites and the labour market remains tight, many of the nation's employees are asking for a pay rise. Merryn Somerset Webb explains why you should do that too.
By Merryn Somerset Webb Published
-
Why central banks should stick to controlling inflation
Opinion The world’s central bankers are stepping out of their traditional roles and becoming much more political. That’s a mistake, says Merryn Somerset Webb.
By Merryn Somerset Webb Published
-
How St Ives became St Tropez as the recovery drives prices sky high
Opinion Merryn Somerset Webb finds herself at the epicentre of Britain’s V-shaped recovery as pent-up demand flows straight into Cornwall’s restaurants and beaches.
By Merryn Somerset Webb Published
-
The real problem of Universal Basic Income (UBI)
Merryn's Blog April employment numbers showed 75 per cent fewer people in the US returned to employment compared to expectations. Merryn Somerset-Webb explains how excessive government support is causing a shortage of labour.
By Merryn Somerset Webb Published
-
Why an ageing population is not necessarily the disaster many people think it is
Opinion We’ve got used to the idea that an ageing population is a bad thing. But that’s not necessarily true, says Merryn Somerset Webb.
By Merryn Somerset Webb Published