Brown says mistakes were made

Gordon Brown admitted he made some mistakes when he listened to banking lobbyists and loosened regulations on their clients. Like the banking regulators in many other countries they put the banks interest before that of their customers and the public in general.

After becoming PM Brown has said that regulations should have been tighter around the world, however his statements during an interview in ITV’s Tonight program contradict his previous position that as chancellor he did everything he could and the banking crisis was largely the fault of American regulators.

Of course David Cameron jumped straight onto this with: “Gordon Brown told us two things: he said this all came from America and he said his judgment was right in every regard. He is now saying that those two things are not true, that there were big mistakes made here in Britain in the regulatory system that he designed.”

Brown followed his admission that he screwed up by listening to lobbyists with “So I’ve learnt from that. So you don’t listen to the industry when they say, ‘This is good for us’. You’ve got to talk about the whole public interest.”

In another interesting admission during the interview he said he’s not very good at the whole PR side of politics. And this is news to whom exactly?

Interestingly after this interview aired the election polls tightened a little. There is now 4% (down from 5% yesterday) between the two major parties in some of the polls. Polls once again show that a minority or hung parliament is a distinct possibility.