So is Nick Clegg willing to break his word on supporting the party with the biggest mandate?

The news that Gordon Brown is to stand down as Labour leader sets in motion two things: one a Labour leadership election, or on previous form the coronation of someone unsuitable and two the formation of a Labour/LibDem government.

At 16:05 today I posted on Guido Fawkes that: 'I get the horrible feeling that the LibDems will end up propping up a Labour government that has changed leader. If so who wants to stay and who wants to flee the country? The two ‘beaten’ parties form a government; if Labour had come first and Conservatives and LibDems formed the government you know that riots would ensue and the BBC would be casting aspersions about ‘legitimacy’ but this way round there will be no protests.'

The BBC are in seventh heaven, they will gladly sacrifice Gordon Brown for a Labour/Lib Dem government that will continue the mismanagement of the economy and change the electoral system to ensure they are in permanent government.

You have to admire the way that Peter Mandelson, Gordon Brown and the BBC have played the last four or five weeks. As soon as it became clear that Labour could not win the general election they boosted the Lib Dems, then talked up the possibility of a hung parliament and then questioned how the Lib Dems could possibly work with the Conservative party.

So the second and third parties in the general election will stitch together a government and who will protest? I am so sick of this f**king country, it's left-wing commissars and state propaganda broadcasting service - I want out as it's me and other taxpayers in London and the South of England who will end up paying the price of Labour's failure and to support the rest of England and the Scottish and Welsh.

Of course the markets that had been cheering up with the likelihood of a Conservative government (aided formally or informally by the Lib Dems) have now taken fright and the pound has dropped a cent against the US Dollar and almost a cent against the Euro since the announcement.