British Prime Minister Gordon Brown today made a formal statement in parliament affirming what every pundit in the press has been saying for a fortnight: Government of the people, for the people and by the people is officially dead.
Mr Brown elaborated that due to unforeseen circumstances the Government's balance sheet clearly indicated that it was now evidently insolvent and that in any other situation, a receiver would be appointed and assets sold off. To this end, Mr Brown has been holding private talks with a triumvirate of prominent business people including Warren Buffet, Richard Branson and Rupert Murdoch in the hope that they might take over the public purse strings and instigate a recovery operation. The Prime Minister denied he was leading the country down the road to a oligarchy.
"Nah, just a wee bit of jaw jaw between mates" he maintained. However, Rupert Murdoch has indicated that owning an entire economy is surely better than having a small piece of it. "Mate, this could be a dream come true. Bloody ripper." The European Union wants its share as well. Britain owes the continental masters 120 million pounds and calls are being made for British citizens to cough up. Looks like the sun has set on the British Empire.