Saturday, February 23, 2013

George Osborne is hiding behind Danny Alexander

I have just heard Danny Alexander interviewed on the BBC Radio 4 Today programme about the downgrading of Britain's credit rating.

It was not a disaster - there was so little time and Evan Davis has such respect for his own opinions that Danny was hardly allowed to say a word. Besides, he is a big boy these days and can look after himself.

But where was George Osborne?

If he is afraid to face the press then he lacks the authority to be Chancellor of the Exchequer. If he carries on like this he will become a liability and David Cameron will be looking for a new Chancellor.

Incidentally, Labour should not be gloating over this downgrading. It reflects a view on the international bond market, to which the last Labour government put us in such deep hock, that austerity has not been implemented fast or far enough.

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