Category: “Economy

Cameron’s lack of understanding of lives of squeezed middle could be his undoing

Posted on 26 November 2011 | 11:11am

Very good night at the fundraiser for Ed Miliband’s constituency party in Doncaster last night. Good turnout, good mood, and after someone in the q and a had raised the crisis of capitalism, it duly emerged – in the form of sold out raffle tickets. Anyone who knows anything about Labour fundraisers will know why […]

Italian technocrats not political enough; our Bank Governor too political

Posted on 17 November 2011 | 9:11am

It is easy to feel that anything or anyone would do a better job than Silvio Berlusconi, but I can’t help feeling a bit uneasy about the installation of the new ‘technocrat’ government in Italy. No democratic system is perfect, but to see a government of a major ‘democracy’ take shape, without a single elected […]

Cameron and Osborne could do worse than call in Brown and Darling for a private chat

Posted on 10 November 2011 | 6:11am

I was speaking at a dinner last night to businessmen and women who know a lot more about how the economy works than I do. So I was a bit alarmed to see how many were nodding along when I suggested that what was happening in the eurozone was, frankly, downright scary. Most situations described […]

Rarely can the summit smiles, backslaps and trumpeteering have seemed so incongruous

Posted on 3 November 2011 | 11:11am

I suppose our leaders have to do that smiling thing as they arrive at summits (though I can’t think they and we would all be happier if a lot of the ceremonials were scrapped, the trumpeteers confined to barracks, and the leaders just got on with the business of trying to rescue the world economy). […]

Did nobody at the eurozone crisis summit ask Papandreou about the R-word?

Posted on 1 November 2011 | 11:11am

Did the word ‘referendum’ cross anyone’s mind, let alone anyone’s lips, at the eurozone crisis summit last week? It certainly didn’t appear in any of the coverage I read. Could it be, once more, that the desire to get the big picture back in focus – not an ignoble objective – led to eyes being […]

About time too – government recognising public money sometimes needed to get private money flowing

Posted on 31 October 2011 | 8:10am

No cliche is being left unturned to emphasise the Prime Minister’s determination to kickstart the sluggish economy. He is straining every sinew. He has found his passion (er … again). He is on an all-out mission. He is tackling red tape. Unblocking the system. He has an ‘obsession’ with ‘shovel-ready’ projects. He is determined to […]

Royal and honours tinkering, and an odd suggestion re women – short haul for Cameron’s long haul flights

Posted on 29 October 2011 | 11:10am

Perth in Western Australia is a lovely place, but I suspect David Cameron wishes the Commonwealth Heads of Government meeting could have been held in the equally lovely Scottish namesake. No matter how wonderful Australia may be, it is a long long way away, and the PM was unsurprisingly looking a bit tired I thought. […]

With crisis seemingly averted for now, Europe’s leaders need to explain the issues better

Posted on 27 October 2011 | 8:10am

The mood music out of the eurozone crisis summit was pretty good, the reactions not bad, and so the sense is of disaster averted. The problem is that further difficult steps now have to be taken, and what happens when they are is far from certain. Europe’s leaders have laid down what should happen, but […]

Cameron looking weaker under twin attack from Sarko and Eurosceptic backbenchers

Posted on 24 October 2011 | 7:10am

You’d have thought President Sarkozy would still have been in post-Libya mutual backslap mode with Dave, added to which a new baby usually puts a man in a good mood for a few days. So our PM must really have been getting Sarko’s goat to provoke the tirade that came his way at the European […]

Osborne right to be gloomy – politically we’re out of the euro but economically we’re all in this mess together

Posted on 22 October 2011 | 5:10pm

I promise I am not going soft, but I am beginning to feel a little bit sorry for David Cameron and George Osborne. As a regular attendee of European summits when Labour was in power, I always feel a bit sorry for anyone who has to eat into the weekend to go to some soulless […]