Cable Drops His Bomb Prime Minister Neutered

Traditionally a Minister would have walked before accusing his boss of being “very unwise” and risking  “inflaming extremism”, but no such bravery from Vince Cable who has once again fobbed off to a female journalist. Cameron’s speech, to Hampshire Conservatives no less, is undoubtedly a bid boost his parties chances in the locals next month. However there was nothing new in the speech and it is basically the government’s policy. Did Cable tell his old chum Brown he was being very unwise when he said “it is right to talk of immigration and address people’s worries and concerns. Because if we don’t, people will listen to whoever does” a few weeks before the election?

Cable is bound by collective Cabinet responsibility and was already on his final warning for his loose tongue. Cameron’s weakness is exposed by his apparent inability to sack this liability.




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Quote of the Day

The FT’s Wolfgang Munchau on the “fake maths” of economic forecasts:

“The truth is that our ability to forecast the future beyond the current quarter is limited… The curse of our time is fake maths. Think of it as fake news for numerically literate intellectuals: it is the abuse of statistics and economic models to peddle one’s own political prejudice… The fakeness of the maths lies in an exaggerated inference. Economic models have their uses, as do opinion polls. They provide information to policymakers and markets. But nobody can see through the fog of the future.”

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