Dangerous Debt

You cannot spend your way out of recession or borrow your 

way out of debt. And when you repeat, in that wooden and 

perfunctory way, that our situation is better than others', 

that we are well placed to weather the storm, I have to tell 

you, you sound like a Brezhnev-era apparatchik giving the 

party line. You know, and we know, and you know that we 

know that it's nonsense! Everyone knows that Britain is 

worse off than any other country as we go into these hard 

times. The IMF has said so. The European Commission has 

said so. The markets have said so, which is why our currency 

has devalued by thirty percent. And soon, the voters too will 

get their chance to say so. They can see what the markets 

have already seen: that you are the devalued Prime Minister 

of a devalued government

On 24 March 2009, after Gordon Brown had given a short 

speech to the European Parliament in Strasbourg in advance 

of the G20 London summit, Hannan followed up by 

delivering a 3-minute speech criticising in very strong terms 

the response by Gordon Brown to the global financial crisis