Gordon Brown today braces Britain for potentially its worst recession since the second world war by promising to work with Barack Obama to create a new progressive era across the world. He claims he can build "a global coalition for change" with the US president-elect.
The prime minister said 2008 would be remembered as the year in which "the old era of unbridled free market dogma was finally ushered out". In his traditional new year message, Brown struck a tone of tempered optimism, saying that Britain can this year build a better tomorrow through strategic investments while dealing with the dangerous challenges of today.
He said: "The failure of previous governments in previous global downturns was to succumb to political expediency and to cut back investment across the board, thereby stunting our ability to grow and strangling hope during the upturn. This will not happen on my watch.
One can only hope that time will not look back on this speech as an act of hubris, but given the current political trends in the UK...