Chris Harman is right to say that Gordon Brown is very lucky (In Perspective, May Socialist Review).
His luck is partly that down to growth in the financial services sectors boosting investment and jobs which have fallen or stagnated elsewhere.
However there are also signs that his luck may be running out. The significant rise in inflation means that the Bank of England is under ever-increasing pressure to get on top of it by raising interest rates. But rising interest rates threaten to slow down or even deflate the housing market. For while inflation in the retail sector has been low, house price inflation has been rampant.