Iain Dale, James Forsyth and Peter Oborne are all ruminating over the complete lack of business experience in the Cabinet. Being a lawyer or a journalist or a PR man doesn’t count (unless you were a business owner). The Shadow Cabinet has people with real business experience (that is why they are millionaires), however neither Cameron or Osborne can really claim to have had to worry about the P & L, covering the monthly wage bill or making the quarterly VAT payment. All Gordon knows about business is how to tax it.

No doubt the fact that not a single member of the Cabinet has run anything like as risky as a whelk stall is the reason Gordon has brought in Mervyn Davies from Standard Chartered (one of the few bankers who has had a good Credit Crunch).

Perhaps the Tories can now bring Digby into their tent since his Lordship is available…