There was no link yesterday from the official Conservative party website to the internet sensation of the week: a speech by the 37-year-old Tory MEP Daniel Hannan denouncing Gordon Brown as a "Brezhnev-era apparatchik".

By yesterday the speech - which Brown had to sit through after his own address to the European parliament - had passed 1.1m views.

For Hannan, it was a triumph. For David Cameron, a headache - proof that not all parts of his party have changed.

Prime Minister, I see you’ve already mastered the essential craft of the European politician, namely the ability to say one thing in this chamber and a very different thing to your home electorate. You’ve spoken here about free trade, and amen to that. Who would have guessed, listening to you just now, that you were the author of the phrase ‘British jobs for British workers’ and that you have subsidised, where you have not nationalised outright, swathes of our economy, including the car industry and many of the banks? Perhaps you would have more moral authority in this house if your actions matched your words? Perhaps you would have more legitimacy in the councils of the world if the United Kingdom were not going into this recession in the worst condition of any G20 country?

The truth, Prime Minister, is that you have run out of our money. The country as a whole is now in negative equity. Every British child is born owing around £20,000. Servicing the interest on that debt is going to cost more than educating the child. Now, once again today you try to spread the blame around; you spoke about an international recession, international crisis. Well, it is true that we are all sailing together into the squalls. But not every vessel in the convoy is in the same dilapidated condition. Other ships used the good years to caulk their hulls and clear their rigging; in other words – to pay off debt. But you used the good years to raise borrowing yet further. As a consequence, under your captaincy, our hull is pressed deep into the water line under the accumulated weight of your debt We are now running a deficit that touches 10% of GDP, an almost unbelievable figure. More than Pakistan, more than Hungary; countries where the IMF have already been called in. Now, it’s not that you’re not apologising; like everyone else I have long accepted that you’re pathologically incapable of accepting responsibility for these things. It’s that you’re carrying on, wilfully worsening our situation, wantonly spending what little we have left. Last year - in the last twelve months – a hundred thousand private sector jobs have been lost and yet you created thirty thousand public sector jobs.

Prime Minister, you cannot carry on for ever squeezing the productive bit of the economy in order to fund an unprecedented engorgement of the unproductive bit. You cannot spend your way out of recession or borrow your way out of debt. And when you repeat, in that wooden and perfunctory way, that our situation is better than others, that we’re ‘well-placed to weather the storm’, I have to tell you that you sound like a Brezhnev-era apparatchik giving the party line. You know, and we know, and you know that we know that it’s nonsense! Everyone knows that Britain is worse off than any other country as we go into these hard times. The IMF has said so; the European Commission has said so; the markets have said so – which is why our currency has devalued by thirty percent. And soon the voters too will get their chance to say so. They can see what the markets have already seen: that you are the devalued Prime Minister of a devalued government.

Most of us, I suspect, have a thing or two that we'd like to say to Gordon Brown. But few of us get the opportunity. On Tuesday, I was one of those few. The Prime Minister was in the European Parliament, trying to persuade the rest of the EU to react to the financial crisis in the way that he has, viz by fire-hosing cash at it. I was one of the eight MEPs who got to respond, and was given three minutes to make my point.

According to convention, Mr Brown had to remain in his place while I spoke. Right, I thought, for once you're going to have to listen to what people are saying. The country was in negative equity, I said; the weight of his debt would press down on our children yet unborn and unbegot, I said; surely he could see that his bail-outs and nationalisations had failed, I said; we should stop throwing good money after bad, I said.