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Red Ken & James Gordon Brown - A story PPP contracts.

Its long been known that one eyed Gordon hated Red Ken Livingstone and from all accounts the feeling was mutual.

Brown its said never got over the official candidate Frank Dobson coming in third behind Steve Norris for the Tories back in May 2000.

Livingstone proposed bonds for financing the Underground rail system. Brown claimed this would produce less investment and burden London with billions of pounds worth of debt.

Despite Prescott using bonds to finance the Channel Tunnel Rail Link.

Now Brown was determined to oppose Ken and bugger the costs, after all this a handbags at dawn fight with "socialist" principles at stake and so screw the taxpayers.

Thus Brown promoted his PPP contracts, guaranteeing annual profits of 18per cent to the private contractors. 

The first unrecoverable cost was £455 million quid, the money paid to lawyers and accountants employed to produce the PPP contracts.

Yet another instance of Brown having his own way no matter what the cost, after all its only taxpayers money...

How long, O Cyclops, will you abuse our patience? How long is that madness of yours still to mock us? When is there to be an end of that unbridled audacity of yours?

Labour & their champagne swilling backers all part of a nomenklatura supporting a leader out of touch with reality.

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