I have just finished reading Peters Watt's book about his career at the heart of the New Labour Movement.
What an interesting, revealing and well (ghost) written book - Mr Watt certainly pulls no punches.
Unusually, for a political memoir, this book is actually quite entertaining and engaging but it is the insight that Watt gives to the dysfunctional nature of New Labour that really captured my interest.
The half arsed way in which New labour "managed" it's internal and financial affairs is almost unbelievable - Watt reveals that in the 10 years to 2007 The Labour Party had recorded an annual deficit in every year but one.
By 2007 New Labour was £30 million in debt and only just fending off bankruptcy, in effect subsisting on a hand to mouth basis by depending on the goodwill of a few donors, rescheduling loan repayments and by having an understanding bank manager.
Remember these are the people who are also running our economy - perhaps it shouldn't be a surprise that it is well and truly screwed.
If they couldn't manage to run a small to medium sized operation like the Labour Party what chance did they have with managing (what was) one of the world's great economies?
Watt gives fascinating insights into the personalities of many leading New Labour figures - I thought that the portrayal of Jack Dromey and his better (?) half Ms Harman was especially damaging.
Were I a Labour Party member in Leyton & Wanstead there is no way on earth I would vote for Mr Dromey as my prospective parliamentary candidate - if just half of what Mr Watt says is true then Dromey is seriously damaged goods!
The great shame is that only a few thousand political anoraks will ever read this book (the syndicated excerpts in The Mail really gave a mere "taster" of the content) - a wider exposure would do Gordon Brown and company a whole lot of no good.
Get hold of a copy and have a read - it's good stuff.