Ex-Prime Minister Brown’s candidacy for the position of MD of the IMF suffered a setback earlier today as the UK government put their support behind the French candidate. Now Mr. Brown has appreciated he stands no chance of being appointed he has instead decided to start his own IMF and has announced that neither George Osborne nor David Cameron would be allowed to join. Whilst Mr. Brown’s own IMF is very much in its early stages, it has become apparent that he is unlikely to be appointed as MD of it either. When creating his own IMF Mr. Brown had expected to be appointed its MD without complications. However, it now seems that his record managing the UK economy has had repercussions he had not envisaged and has excluded him from consideration.
Meanwhile, rumors have emerged of a new G1 organization being formed, though skeptics have raised questions about the eligibility of particular individuals to attend their meetings.