In today's Observer: William Keegan writes:

First the good news: this government is disintegrating.

Second, the bad news: the disintegration will take some time, and meanwhile even more economic and social damage is likely to be wreaked on a public that by now ought not to be quite as unsuspecting as it was.

To read the full article, click here:

And Keegan fans should take note that ''Saving the world?'' Bill's assessment of Gordon Brown's time as chancellor and prime minister will be published be Searching Finance in September 2012.