After a Brown-Out, a Tory Takeover

Great Expectations

Hard labour ahead: pregnant wife Samantha at his side, new Prime Minister

David Cameron heads a coalition government to undo 13 years of Labour damage

The 13-year Labour curse on Britain came to a screeching halt last Thursday: voters served Labour a crushing defeat, reducing it to the size of their pre-Blair landslide victory of 1997, just as the socialists rolled back the British economy to the 1990s with their disastrous economic and social 'policies.'

It was entertaining to watch the acerbic exchanges among the regressive Labour leaders, disagreeing whether the loss of 91 seats and absolute majority constitutes a defeat or not, or whether falling 2 million votes behind the progressive Conservatives after a 800,000 surplus in 2005 is meaningful; and what to do with its thuggish Scot leader and how to prostitute themselves to lure the LibDems into a cohabitation agreement at the Downing Street brothel.

In the end, all Party rancour failed and the will of the electorate prevailed: Brown was pushed out as Labour leader first, attacked and derided by Party elders like Peter Mandelson, Ed Balls, Harriet Harman, David Miliband (together with his brother and fellow cabinet member) and Jack Straw next. "In the interest of Britain" the power-hungry and autocratic Scottish hoodlum at Number 10 clinged desperately to his job, offering the LibDems even to stand down after four more months in power until he would finally hand power over to the next Labour leader in autumn. The impertinent arrogance of Mr Brown, to equate "in the interest of the British people" with the power usurping benefit for himself and Labour, unnerved not only the - yet again - betrayed voters but also financial markets: Sterling began to plummet, UK government bonds decreased in value (making it more expensive for Britain to borrow new funds to finance its debt and deficits).

Financial markets pundits welcome the change: Sterling, LSE and Gilts are rising

Finally, last night, a deal between the bolstered Conservative Party and the Liberal Democrats was struck: a formal coalition government - Britain's first in 70 years - to last until late May 2015, reduced Gordon Brown to a private citizen, disgraced and behated, chased out of Number 10, London, government and England (in that order).

David Cameron, Tory leader and new prime minister, forged the coalition with LibDem leader Nick Clegg. Both sides compromised on some issues without betraying their voters and supporters. Ruling out eurozone membership for at least another 8 years is the compromise between our stand of a categorical "NO for all times" and the LibDems' stand of "membership now." I would be very surprised if the euro even exists at that future point.

Both parties are united to tackle the bulging deficits and the dire financial outlook after 13 years of mismanagement and incompetence, and to embark on an ambitious job creation plan, to increase the zero-tax allowance for low income earners (from currently £7,500 to £10,000). The infamous ID scheme of Labour is history: less government and Big Brother is the aim, not a nanny state according to Labour's plots.

William Hague has been appointed as new Foreign Secretary, assuring that the rift between the US and the UK will be closed while the gap of the English Channel between us and them, over in Europe, will become just a bit wider. George Osborne takes over as new Chancellor of the Exchequer, trying to steer Britain out of the Labour created fiscal hole and economic stalemate.

And so, normality returns to Britain at last; the youngest PM in 200 years has taken the reigns of the country, after our Party had the biggest gains of seats since 1915 (+96), while Labour suffered their biggest loss in 50 years (you wouldn't think so if you listened to the Labour leaders proclaiming victory just because the Tories just fell short of an outright majority of 326 MPs). Still, the 315 seats of Tories and allied Ulster unionists were convincing enough for the 57 LibDems to provide a solid majority in the new Commons. "In the interest of the country," Labour are forced to eat humble pie on the opposition benches, sorting out their fractured leadership troika and regrouping to become a serious contender in 2015 - maybe. Their arrogance and denial of reality after the elections was a delectable feast to watch, and the party stands today down on its knees, mocked by voters and humiliated by the Conservative Party. Job well done, guys!

As planned, after this decisive election victory, I will be leaving the banking industry on July 15th, followed by a lengthy vacation until I take up my new post on September 1st.