Osborne’s Own Embarrassing Fiscal Charter U-Turn

John McDonnell isn’t the only Shadow Chancellor who has u-turned over a fiscal charter. In January 2010 the then Shadow Chancellor George Osborne mocked Alistair Darling’s “vacuous and irrelevant” Fiscal Responsibility Bill. Labour could have stopped Osborne in his tracks if they had quoted his own words back to him yesterday.

Here’s what the man who has overseen a doubling of the national debt in 5 years said:

“Fiscal responsiblity acts are instruments of the fiscally irresponsible to con the public… We have to debate this vacuous and irrelevant legislation before us, but it begs the question: why did the Chancellor feel the compelling need to introduce it? Why is he the first Chancellor in our history that feels he needs an act of parliament on top of a budget statement? There are only two explanations. Either he doesn’t trust himself to secure sound public finances, or he knows the public doesn’t trust him to secure them.”

Maybe, based on his own record, Osborne just doesn’t trust himself? “Embarrassing, embarrassing, embarrassing, embarrassing,” to coin a phrase…

*Newsnight want us to acknowledge they got the video first.




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

The Queen visits children in a Manchester hospital:

“You were able to enjoy the concert at least, weren’t you?”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.

Facebook

Sneering Thornberry Sneering Thornberry
Ministers Wheeled Out to Defend Ditched Care Policy Ministers Wheeled Out to Defend Ditched Care Policy
Watch: Crick Roasts “Weak and Wobbly” May Watch: Crick Roasts “Weak and Wobbly” May
Protester Arrested at May Wrexham Visit Protester Arrested at May Wrexham Visit
Clegg Spinning Brexit Doom Report Clegg Spinning Brexit Doom Report
Sunday Shows Sunday Shows
Read Tory Manifesto In Full Read Tory Manifesto In Full
Green Leaders Cringe Skit Green Leaders Cringe Skit
Never Ending Tory Deficit Reduction Horizon Never Ending Tory Deficit Reduction Horizon
LibDem Collapse Explained LibDem Collapse Explained
Taxpayers’ Alliance Updates Iconic Tory Poster Taxpayers’ Alliance Updates Iconic Tory Poster
Cult of Corbyn Cult of Corbyn
“Labour is Chocolate Gateau: Too Much Makes You Sick” “Labour is Chocolate Gateau: Too Much Makes You Sick”
Labour Election Broadcast Star’s “Tax Efficient” Accounting Labour Election Broadcast Star’s “Tax Efficient” Accounting
Reporter Grabs Boob Live on BBC Reporter Grabs Boob Live on BBC
Liar Clegg Brillo’d Liar Clegg Brillo’d
Listen: Was McDonnell Handed Deficit Note? Listen: Was McDonnell Handed Deficit Note?