Treasury Orthodoxy is Dead, Long Live Treasury Orthodoxy

In a sign that Liz Truss’s war on Treasury orthodoxy has been completely lost, Guido hears that Jeremy Hunt, Scrooge-like, is now receiving visits from the ghosts of Treasury past. This morning, eyebrows were raised when George Osborne was spotted entering Downing Street. Far from George being the surprise pick for Rishi’s new ethics commissioner, Guido understands George had popped in for a meeting with Jeremy Hunt. Who better placed to give advice on a new austerity drive?

It doesn’t end there. Guido learns Hunt has been keen to talk to all his recent predecessors, including Philip Hammond and Sajid Javid – and, presumably, Rishi – as he scrambles to put together the November statement. Presumably Kwasi Kwarteng is not high up on Jeremy’s priority meetings list…

mdi-timer 27 October 2022 @ 15:45 27 Oct 2022 @ 15:45 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments
Osborne Finally Takes Over from Cameron

Coronavirus has struck down former PM David Cameron, just days before he was set to travel to Jacinda’s prison island of New Zealand, to attend the conference of the centre-right National Party. The party, bracing for an election in 2023 after St Jacinda’s 2020 majority victory, were hoping to hear from Britain’s ex-PM. Now Guido sees George Osborne will finally step into his ex-boss’s shoes after agreeing to fill in.

This morning the National Party leader Chris Luxon argued that centre-right parties worldwide face a perception problem, especially appearing uncompassionate, and said the party wants to “detoxify” itself like the UK Tories did in the 2010 election. Let’s hope Osborne manages to stay Covid-free, or the conference will end up facing Theresa May’s extortionate speaking fees…

mdi-timer 31 January 2022 @ 12:50 31 Jan 2022 @ 12:50 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments
Boris, Dave and George’s No. 10 Reunion Roast Dinner

Boris, Dave and George reunited in Downing Street last week for the 20th anniversary dinner for the 2001 intake of Tory MPs. As expected, neither Boris nor Dave could resist making a few pointed jokes at the other. In his Spectator Diary Osborne claims he doesn’t remember much from the dinner, though during his toast the PM joked about a “home insulation scheme involving windows that he was going to call Green Sill”. George presumably didn’t ask who’d be funding that particular No. 10 renovation…

Not one to be outsmarted, Cameron joked that “being back in Downing Street had filled him with nostalgia… for the good old days when there was food on the supermarket shelves, you could fill up your car and Tory budgets cut taxes on jobs and businesses.” Unfortunately, as a 2015-er, Rishi wasn’t there to defend himself…

mdi-timer 29 October 2021 @ 17:11 29 Oct 2021 @ 17:11 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments
Chairing the British Museum is Osborne’s Eleventh Job

Congratulations are once again in order as George Osborne clinches his eleventh job since leaving No. 11, after his election as the British Museum’s new chairman this morning. Announcing the news, Osborne said he’s “hugely thrilled & honoured”. Guido already spots a PR cloud on the horizon…

Back in 2016, Osborne was accused of mocking mental health sufferers after making a joke about the Elgin Marbles during a treasury questions session:

“Today [McDonnell] said that he is going to tour the country with the former Greek Finance Minister, Mr Varoufakis, to educate us all about economics—the one thing they have in common is that they have both lost their marbles.”

Still, bad news for left-wing campaigners hoping to strip the museum of its hard-won treasures…

mdi-timer 24 June 2021 @ 11:15 24 Jun 2021 @ 11:15 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments
Gove & Osborne’s Lonely Porto Trips

While Boris tied the knot at the weekend, Cameron’s old Notting Hill Set cast more lonely figures in Porto, as they arrived to watch the Champions League Final. George Osborne turned up on his tod, notably without his fiancé Thea Rogers. Neither has Rogers been seen in their new Somerset home for some time… 

Guido also spots Gove made the trip, again on his own, making full use of the government’s green travel list.

Unfortunately for Michael, one local eye-witness reports he was shortly “hounded out” of the bar pictured above. A nice distraction for both men from Boris’s loved-up weekend nuptials…

mdi-timer 1 June 2021 @ 10:27 1 Jun 2021 @ 10:27 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments
Osborne Slams Rishi’s Corporation Tax Hike

Speaking on a panel for the Institute for Government (IFG) today, George Osborne questioned Rishi Sunak’s decision to hike up corporation tax in 2023, and raised the issue of the effects that would have on growth.

“…the idea you can increase Britain’s business tax to 25% and there would be no consequence… is a mistake. Taxes have consequences.”

Osborne went on to even speculate whether the rise would take place at all. Guido is starting to miss Osborne’s time in the job, when the coalition cut corporation tax by a full 8%…

mdi-timer 9 March 2021 @ 14:00 9 Mar 2021 @ 14:00 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments
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