Posts Tagged ‘George Osborne’

Despite Osborne’s patrician brave face, all we can expect on budget day is standard Tory fare

21/03/2011, 08:00:21 AM

by Sally Bercow

With the amount of cereal my kids get through, action was required. Out went Kellogg’s Frosties at £2.69, in came Essential Waitrose frosted flakes at £1.69. The kids objected at first – not on taste grounds, mind, but because they missed seeing Tony the Frosties tiger cavorting about on the box. Happily though, as own-brand fish fingers have passed unnoticed, no such bond appears to have been forged with Captain Birdseye. Indeed, our cupboards are now heaving with Essential Waitrose and I’ve cut my weekly Ocado shopping bill by around a quarter (and, yes, I know I’d save even more shopping at Tesco or Sainsburys but, the last time I looked, neither would deliver to Parliament – apparently because it’s a business address).

Now I’m not going to pretend that switching from Kellogg’s to own brand means I’m in the same boat as families whose very existence is a struggle to make ends meet. But squeeze on living standards (the biggest in 90 years) is hitting everyone – even those, like David Cameron and George Osborne, multi-millionaires by birth, with rather a lot of cushioning and very little idea of what life is like for those who struggle to eke out an existence. Inflation is rising twice as fast as pay and the Chancellor is only making matters worse – adding to the squeeze with his 2.5% VAT hike in January.

That’s why Ed Miliband and Ed Balls are right to say that this country is undergoing a “cost of living crisis” and to call on George Osborne to use his second budget to help hard-pressed families, starting at the petrol pump. If Osborne thinks that merely cancelling or postponing the annual 1p-a-litre tax rise on petrol will be a sufficient sop to beleaguered motorists, he’s gravely mistaken. Instead, he needs to go beyond this and reverse the VAT rise altogether, by using the extra £800 million brought in by the bank levy. (more…)

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Will Hague ride off into the sunset?

09/03/2011, 05:00:53 PM

by Kevin Meagher

Poor old William Hague. There’s no shortage of people on this side of the aisle who have a soft spot for our favourite failed Tory leader. He’s self-deprecating, quick-witted and only ever tribal in that tongue-in-cheek sort of way. But the buck has come screeching to a halt outside his door for the botched incursion into Libya by UK special forces last week. And that buck is not for shifting.

His apparent sanctioning of the “botched” boy’s own adventure has already generated reams of speculation about his future as foreign secretary and dominated today’s PMQs. The cod psychology in today’s papers is equally feverish. Kevin Maguire in the Mirror raises the possibility that there is a darker tale to tell in this story of derring do (or perhaps derring d’oh!), that perhaps the incursion team may have been on a “black ops” mission. (more…)

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Cameron and Osborne are not for learning. King should know better.

24/02/2011, 11:30:48 AM

by Jonathan Todd

“Is not the lesson from the noble Baroness Thatcher that, when you have set an economic course, you should stick to it – ‘there is no alternative'”?

So asked Jacob Rees-Mogg at PMQs recently. The IFS cautions “a Plan B might be needed, potentially involving some reduction in the size and pace of cuts in the structural deficit”. But David Cameron knows best. He did not demur from the insufferable Rees-Mogg.

But for what did Thatcher think the grinding unemployment and dislocation of the 1980s was a price worth paying? Low and stable inflation. The NUM was, she thought, the enemy within and the wage/price spirals of the 1970s were part of the damage they wrought. She was right that high inflation is no basis for a dynamic economy. But her policies didn’t deliver this. In his memoirs, Nigel Lawson concedes that he should have raised interest rates in 1986. Instead, with a general election looming, he offered tax sweeteners. Inflation topped 8 per cent by 1988.

It wasn’t until Labour took politics out of monetary policy by making the Bank of England independent that the inflation dragon was slain. Now politics is back at the Bank and so is inflation. Not that Mervyn King’s grovelling praise for George Osborne’s ideologically-driven deficit reduction strategy has caused inflation to be persistently above target. But that that is not his job. The governor’s remit is to run monetary policy to defend this target. It isn’t to provide cover for Osborne’s politics. (more…)

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Friday News Review

29/01/2011, 07:28:47 AM

The ‘net’ goes wider

Nick Brown, the former chief whip and key political ally of former prime minister Gordon Brown, became the latest public figure yesterday to say that he believes his private calls and messages were eavesdropped. The Newcastle MP revealed that he believes his landline was the subject of an “amateurish” bugging operation around the time his homosexuality was made public in 1998. Five years later, he was also approached by police investigating voicemail hacking claims and warned that his mobile phone may have been illegally accessed. The former Cabinet minister is the latest senior Labour figure to come forward with claims that his phone calls and messages were hacked. Tessa Jowell, the former culture secretary, revealed that her phone may have been accessed as recently as this week and she has hired lawyers to discover who hacked into her messages on 29 separate occasions in 2006. Although it is not known in both cases who was responsible for the hacking, the claims will further fuel the phone hacking scandal engulfing the News of the World (NOTW), which is now the subject of a new police investigation following the decision of the Sunday paper to sack its head of news, Ian Edmondson. – the Independent (more…)

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Wednesday News Review

12/01/2011, 06:55:40 AM

Labour turns up the heat over bonuses

Labour today stepped up the pressure on the government over City bonuses as the new chief executive of Barclays, Bob Diamond, stood firm against demands that he give up his potential £8m payout for 2010. Forcing George Osborne to the House of Commons dispatch box to defend his attempts to crack down on bankers’ bonuses, the shadow chancellor, Alan Johnson, said the coalition had gone “from the scent of rose garden to the stench of broken promises” since the election. The chancellor, who says we are all in this together, bows to the rich and powerful whilst bearing down on everyone else. His sneering arrogance will not get him out of this one,” Johnson said. – Guardian

George Osborne warned of stiff penalties yesterday unless banks cut bonuses and increase lending. The Chancellor said “nothing is off the table” if they do not comply. His emergency Commons statement to a packed chamber came after reports that the Government had given up trying to curb banks’ estimated £7BILLION bonuses. It was sparked by Barclays chief Bob Diamond, believed to be in line for an £8million payout, telling MPs that neither the Chancellor nor PM had asked him to limit his bonus. The Government appeared to be in disarray as officials refused to say what limits it would allow on bonuses. Mr Osborne said the Treasury is talking to banks about smaller bonuses, greater transparency and a fairer deal to customers. He added: “If the banks cannot commit to that I’ve made it very clear to them that nothing is off the table.” Mr Osborne was forced into his statement by Labour shadow Alan Johnson, who accused him of breaking a coalition vow to bring forward “robust” banking legislation. – The Sun

The coalition was in disarray over bank bonuses last night after Nick Clegg publicly demanded that the Treasury do more to slash sky-high payouts. Chancellor George Osborne responded by reviving a threat to hit the banks with new taxes unless they raise lending by £20billion this year and open their books to publish more details of bonuses. He told MPs ‘nothing is off the table’ if the banks are not more ‘responsible’. Mr Osborne intervened in an apparent attempt to placate Liberal Democrats furious at suggestions that the Government has abandoned hope of slashing the £7billion bonus pot to be paid by the big banks this year. Senior Lib Dems accused Downing Street of ‘waving the white flag’ over bonuses after months of tough talk. – Daily Mail

By-election number two

The Labour MP admitted dishonestly claiming more than £14,000 in taxpayer-funded expenses after being exposed by The Daily Telegraph. He is now expected to become the second MP to be sent to prison when he is sentenced until next month. The MP faces spending up to seven years in prison. However, Illsley will not automatically be banned from the House of Commons unless he is imprisoned for more than 12 months. There was growing pressure for the MP to resign his seat or for the Speaker to intervene to force him out of Parliament. Ed Miliband, the Labour leader, called on the MP to step aside. Illsley was suspended from the Labour Party when he was charged but still sits in Parliament as an independent MP representing Barnsley Central. Mr Miliband said: “Eric Illsley has been found guilty of a very serious charge. He is no longer a Labour MP and I think he should now do the right thing and resign as an MP. I do not think he can be a credible voice for his constituents having pleaded guilty to such a serious offence.” – Daily Telegraph (more…)

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The Uncuts: 2010 political awards

31/12/2010, 07:30:03 AM

It’s been a busy old year. Gordon departed. Cameron and Clegg moved the brokeback wagons into Downing Street. Gideon slashed and burned. Vince tried to waltz his way into some young “constituent’s'” knickers and Ed beat David.

After the arguments over the electoral college in Manchester, and the luke warm tussling over AV we thought it best to pick our winners rather than have a readers vote. The old fashioned way. Feel free to add yours in the comments.

Politician of the year

There really could only be one winner:

George Osborne

Filled with his own self importance, and a belief that he was born to do this. He had the audacity to call his budget “progressive” while slashing and burning with that trademark smirk. But in all serious political circles he has earned (grudging) respect. As Cameron twists and turns, Nick jumps through hoops and Vince dances around a resignation, Gideon has become the rock at the heart of the Cameron government. Well advised, well rehearsed and well… impressive. Let’s hope 2011 isn’t as good a year for the man who could keep Labour out of power for the next decade.

Runners up:

Ed Miliband won against the odds. Has finally beefed up his team and started landing punches. A win in Oldham East &  Saddleworth followed by a good showing in the locals could give him the momentum to really take on the government in 2011.

David Cameron. He won. Just. He made it into Number 10. Just. He ends the year with decent poll numbers all things considered, a “radical” programme and a sturdy majority (courtesy of his Lib Dem pals). Fair dos. Not a bad position for a PM to be in.

Best supporting politician

Winner:

Nick Clegg. Like The Man from Del Monte in the old ads who liked to say “yes”, Clegg’s willingness to hop into bed with Cameron and accept his “big, comprehensive offer” now gives him more clout than any of his predecessors since Lloyd George. But at what price?

Runners up:

David Miliband for his magnanimous speech at conference.

Gordon Brown for not backseat driving.

Harriet Harman for super-subbing during the summer, although lost marks for her fingerprints – or at least dinner plates – being all over the Hewitt/Hoon plot.

Geraldine Smith (late of Morecombe & Lunesdale) whose gutsy defences of Gordon and denunciation of all wannabe coup-ists was a sight to behold.

Brass neck of the year

What a 'Jeremy Hunt'

Winner:

Nick Clegg for his volte face on tuition fees.

Runners up:

Hewitt and Hoon for their risible, back-of-a-fag-packet plot to oust Gordon Brown.

George Osborne for calling the budget “progressive”.

Tony Blair for saying Bank of England independence was his idea in A Journey.

Liam Fox for his “fury” over his leaked letter to Cameron about defence cuts. 

The man behind the man award

Winner:

Stewart Wood From Peter Parker to Spiderman. The bespeckled Oxford don and foreign policy adviser to Brown became the war time consigliere to Miliband Jnr. Masterminding the tortoise vs the hare victory over Miliband Snr. Now a peer with his sights set on taking down Sayeeda Warsi.

Runners up:

Sue Nye Respected for her long-suffering loyalty to successive Labour leaders and unfairly fingered for Gordon Brown’s Mrs. Duffy encounter (“It was Sue” squealed the nark). Bows out both well-liked and well-respected.

Ray Collins for helping keep the Labour show on the road and ensuring that Labour did not do as badly as some predicted. Or end up as broke.

Off to a flying start award

Winner:

Rory Stewart for his less than generous remarks about the sartorial standards of his constituents.

Runners up:

Mark Reckless Crazy name, crazy guy. Too pissed to vote. His “I don’t intend to drink in Westminster again” pledge is one that Westminster’s watering-hole watchers will be keeping their bleary eyes on.

Chris Kelly the publicity hungry backbencher is rumoured to be taking his chicken whisperer act on “Britain’s got talent” next year.

Survivor of the year

Winner:

Andy Coulson. Like all spin doctors, a wannabe Rasputin. And like the mad monk, seemingly unkillable. He ends the year in situ. But the phone hacking scandal is not going away.

Runners up:

Vince Cable One time Lib Dem treasure, ended the year on a low after trying to impress two young undercover journos with his “nuclear option.” Neutered but still walking. Just.

Jonathan Ashworth. It is said that in the event of a nuclear holocaust Jonathan Ashworth will still be working in the Labour leader’s office. 3 masters in 12 months.

Gisela Stewart. One of the bright points of a grey evening was seeing Birmingham Edgbaston – the first seat to indicate the Labour landslide back in 1997 – stay Labour.

Nigel Farage. A plane crash at the general election, a train crash of a successor. Britain’s favourite little Englander still stands.

Political battle of the year

Winners:

Miliband vs Miliband. Part A river runs through it, part The Godfather II. It was what it was always going to be: two brothers divided by their determination to get the top job. It leaves a legacy. It must. But is there more drama to come?

Runners up:

Osborne vs Mandelson. You might think you know which one is the better politician, but only one of them masterminded their way into government this year

Balls vs Gove. Michael Gove’s early billing as a star of this Tory generation took a near fatal hammering from a brutal master of political pugilism, Ed Balls. Gove’s calamitous decision to axe the building schools for the future programme was made to hurt more than he ever imagined it could.

Adam Boulton vs Alistair Campbell. Did Sky want the Tories to win the election? At a corporate level we can be fairly sure that it did. At a journalistic level? Hard to say. But Boulton’s reaction shows that the accusation strikes close to the bone.

(Ex) minister of the year award

Winner:

Alistair Darling To emerge, as chancellor, from a beaten government and a tanking economy with your reputation enhanced is truly a remarkable achievement and the mark of a quietly brilliant man.

Runners up:

Kenneth Clarke The Tory right may be screaming for his head, yet his enlightened approach to prison reform may set penal policy in a direction that actually works. But will Cameron’s nerve hold and keep Ken where he is?

Bob Ainsworth An unlikely hippy, it’s safe to say, but his recent call for drugs reform was a significant intervention from a former minister who knows that the “war on drugs” was lost long ago. The number of people who secretly agree with him but would never dream of saying so is a small part of everything that is wrong with politics.

The Jo Moore award for PR disaster of the year

Winner:

Bigot-gate Gordon Brown’s description of Rochdale pensioner, Gillian Duffy, as “that bigoted woman” was the undoubted numero uno gaffe of the general election campaign. Few recall, however, that Labour took Rochdale from the Lib Dems on election night.

Runners up:

Fire up the Quatro poster. A spectacularly ill-judged Labour campaign which turned Cameron into one of the country’s most loved TV characters.

Airbrushed Cameron Equally backfiring idea, which showed Cameron to be even more plastic and artificial than he is.

Liam Byrne – His “there’s no money left” note to his successor, David Laws, was quickly used as a stick to beat him with. A colossal mistake by an otherwise smart man.

The fourth (rate) estate award

#Hackinggate Non-reporting of the biggest media scandal in decades. Guilty consciences all around Fleet Street as no-one seriously doubts that the culture of phone hacking goes well beyond one rogue reporter at the News of the World. We know this because people keep owning up to it in the Guardian. Yet, apparently, this despicable practice, the gross and illegal abuse of privilege, doesn’t warrant a mention in the vast majority of the press.

Runners up:

Nick Clegg’s Nazi Slur on Britain One of the most pathetic days in recent British journalistic history. Andy Coulson got exactly the headlines he wanted. Those responsible – editors and scribblers – damaged their own reputations to suck up to their future bosses, and Lib Dem central office wasted a day fighting fires started by lickspittle. Tawdry, tawdry stuff.

Kay Burley Sky News’s afternoon anchor. Just type her name in to YouTube. Enough said.

Prediction of the year

Winner:

Dan Hodges for his “David Miliband has won” prediction on Uncut, five days before the coronation ceremony. At which Ed was crowned.

Runners up:

Benedict BroganCameron will be PM by tea time on Friday”.

Nick Robinson “David Miliband will win”‘ prediction, about 90 seconds before he lost.

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Klösters catastrophe as Osborne loses luggage

30/12/2010, 11:46:32 AM

Spare a thought for poor George Osborne. The chancellor has had a tumultuous year. A great office of state before the age of forty. Master of all he surveys. Slashing and burning for Britain. Curbing the excesses of the poor.

A crafty winter holiday was the least he deserved. Klösters, the world’s most exclusive ski resort, the only destination equal to his sybaritic grandeur.

But at the airport this week he was reduced – like the most impotent child – to tears of frustration at the loss of his luggage. Reports reach that he shouted and stamped, cursed and cajoled, but nothing could call into being the exquisitely riveted corners of his monogrammed portmanteaux.

The chancellor is not thought to be staying at the Klösters home of his millionaire associate, scion of the famous banking dynasty, Nat Rothschild.

He is thought, sadly, to be still looking for his luggage. Airline executives are counting the cost as we speak.

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Osborne is right (but not on economics)

23/12/2010, 06:00:45 PM

by Rob Marchant

Tory economic policy is wrong headed, dogmatic and bad for the country. This argument is well-made by economic commentators including Paul Krugman and Martin Wolf (paywall). But it may be necessary to admit to something that pains us. We may have misjudged George Osborne as a politician. He seemed to plausibly fit the stereotype of Tory boy, that delightful creation of Harry Enfield’s, or his stupider brother (must be something about that hair). But it must be recognised that this is lazy thinking. He is not stupid.

On the contrary, recent evidence seems to show he is rather intelligent, despite carrying out policies that the readers of Labour Uncut are unlikely to believe in. If you do not feel we have anything to learn from our political enemies, you can happily stop reading here. For those open-minded souls who are prepared to accept they do not have all the answers on political strategy, not policy I stress – but political strategy, read on. (more…)

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Vote based on the election manifesto* says George (*but only if you’re a Tory)

09/12/2010, 03:39:45 PM

George Osborne has just said:

I would say to my Conservative colleagues that we had a clear statement in the manifesto that we were going to look at the Browne report. I would expect a Conservative MP who stood on this manifesto to stand by what they said they were going to do six or seven months ago.

Uncut wonders if he thinks his Lib Dem colleagues should do the same?

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Keith Joseph smiles and a baby dies

27/10/2010, 09:48:06 AM

by Tom Watson

They’re re-running Boys from the Blackstuff on the BBC. We all remember Yosser Hughes, who struggles to keep his children while unemployment erodes his mental health. And we tell ourselves that this is drama and not real life. And we tell ourselves that it is history. We know what unemployment did to a generation whose skills no longer matched the demands of the market.

But that was then. Those of us from Nick Clegg’s generation (he’s one day older than me) remember kids who left school assuming that work didn’t apply to them. There were no jobs for them to do.

Nick Clegg was 16 years old in 1983. I move in unusual circles but I’ve hardly met a 43 year old who’s a Tory. Even the toffs remember how bad it was in the formative years of their adolescence. Not Clegg though; he’s being “morally challenged” but still propping them up. I don’t know what he was doing in 1983, but he wasn’t living in the same England as me. (more…)

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