This financial crisis could be a historic chance for Brown
"In the long history of Labour as a governing party, nothing - but nothing - has been as politically destructive as financial crisis. The slump of 1931, the devaluations of 1949 and 1967 and the IMF bail-out of 1976 inflicted mortal wounds that destroyed four Labour prime ministers and sent four Labour governments to their electoral graves. Collectively these events had an even more devastating effect, cumulatively undermining the plausibility of the entire 20th century Labour governmental project and barring the way to a sustained British social democratic settlement on European lines."
