BBC News: Reports that former Labour PM Gordon Brown has admitted he made a mistake in the regulation of the financial market from Labour coming in to power in 1997. This came out of the blue folks, why now, what is Gordon Brown up to, is it an attempt to slap down his former advisers in the shape of Ed Miliband who threw him under the bus, and his Shadow Chancellor Ed Balls. This is great news for the Coalition Government they can now stress even more how the collapse of the banks was the fault of New Labour and how Brown, Miliband and Balls are the guilty men at the heart of New Labour.
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