What will Gordon Brown's legacy be?

It may seem premature to be asking such a question, but let's look forward to July 2010 when, according to the opinion polls, we'll be governed by David Cameron's Tories.

It all depends on what happens to the economy over the next year. If Gordon Brown and Alistair Darling are right in their predictions then we'll have had one year of a recovery and they will be classed as brilliant minds who managed to pull Britain out of a deep recession or maybe even a depression. Gordon Brown will be a Chancellor par excellence. Also, if they are right then they will probably deserve to win the next election and we will be thinking that history has been cruel to them.

My own opinion differs somewhat from the above! Already, the economy seems to be much worse than the pre-budget report set out. If we do start growing in the third quarter of this year, I'll go out and buy a lovely hat, bake it and have it with some HP sauce. I think the economy will get worse during this year and maybe, just maybe, at the bottom of the cycle by year's end. This means that a recovery may be under way come the election, but the price will have been many billions of pounds seemingly squandered which made not one iota of difference to the recession. The public will be angry looking at the increased taxes which will be heading their way like a heat seeking missile.

Given my view, as it is, I think Gordon Brown will be seen in a similar light to Herbert Hoover. He took over in a boom and left in a recession. The previous years were all ruled by Republicans who did not spot the inflating bubble. Gordon Brown's tenure as Chancellor will be shaped by this view too. He mentioned the housing bubble in 2005 and did nothing to deflate it. People who still say that he was a good Chancellor will have differing views come 2015.

What of his other achievements as PM? It's pretty hard to think of them. He promised change, and we got change - a recession - but I'm not sure that was the intention. He was going to get rid of spin and sleeze, well I don't think that's been achieved. The announcment of reductions in British troops during the Tory Party Conference in 2007 put paid to spin, and now the big spinners are back in GB's tent. Sleeze is back with a vengeance now that four Labour peers have been accused of taking cash for changes to legislation.

What else? A big new housebuilding scheme - very unlikely given the economic circumstances. Eco-towns, struck down by Nimbyism. Great Britain day - disappeared. NHS constitution, ok I'll give him that - but until it makes a difference to the care people receive we'll have to wait and see.

I think that history will see him as a bad Chancellor and a desperately bad PM, characterised by high taxes, shocking waste, dithering, a complete lack of empathy, arrogance and bad temper.

Squiffy.