It all looks a bit gloomy for the good ship Britain.

With bank stocks falling and the pound dropping, it all looks a bit gloomy for the good ship Britain. Some members of the cabinet want Premier Gordon Brown to confess his sins concerning the slow motion economic collapse. He is not going to but Brown could be soon overwhelmed by events. There is the economic collapse, the military situations in Northern Ireland and in Afghanistan and the need to get an European-wide consensus about the recovery. Since the prime minister has not bothered to form alliances and friendships in Europe, things are looking bleak. Brown should spend more time gladhanding with our European partners. However, quite a few are not members of G20 and this does not help this basic Anglo-Saxon split with the Europeans.