Wednesday, 27 June 2012
In Office But Not In Power - Osborne's U Turns
Osborne's U turn (yet another one in a long line of U turns; pasties, churches, charities, caravans etc) on the fuel duty rise demonstrates that this government is in office but not in power.
Enjoy the video above of Paxman destroying the hapless and hopeless Chloe Smith.
In order for a Chancellor to survive in office, it is essential that the markets believe what he says; the list of U turns somewhat "undermines" his credibility.