Late night Nationalisation

It's just turned 11pm and we're still going strong, busy nationalising Northern Rock.

It's pretty scandalous really that the House of Commons has just one day (albeit finishing at midnight) to consider a complete Act of Parliament, dealing with tens of billions of pounds of liabilities, and then the House of Lords has one day, and then that's more or less it. Whilst we agree in principle that Nationalisation is probably the 'least worst' option - and indeed had the Government listened to Vince Cable we could have saved months of uncertainty - that still doesn't mean every dot and comma of the legislation is right. Laws made in haste are sometimes the worst of all, and I can't say that much in the way of effective scrutiny has gone on - especially the nearer we get to midnight.

PMQs could be interesting tomorrow - you might imagine that David Cameron will go on Northern Rock and/or reinforce his call to sack the Chancellor? But actually Gordon Brown has some quite strong counter-arguments about the total lack of a coherent Conservative response to the whole Northern Rock fiasco. I predict therefore a series of each man asking the other questions - so pretty much business as usual, but the rest of us being probably slightly more tetchy than usual having not got to bed until the early hours!