Saturday, 15 November 2008

Cable - Osborne a 'bit silly'

. From Politics Home...

"Mr Cable criticised George Osborne’s warnings over a potential run on sterling as "a bit silly".

"He's very good at the sharp debating points but I don't think he thinks through the economic logic of what he's saying," Mr Cable said.

He added: "We've already had a very substantial devaluation. That is the nature of flexible exchange rates".

Mr Cable also criticised the government for "walking away" from the banking sector after the liquidity injection.

"Having taken a good and effective step in relation to the banking sector, the government are now walking away from it," he said.

He added: "We've got a banking system that has seized up and a government not willing to intervene in any way that keeps the economy going"."

2 comments:

jim said...

You've gotta wonder why Cameron keeps hold of this light-weight
co-co the clown really...

Darrell G said...

Jim,

Because I think he's one of the inner circle and the Tories are divided enough for him to get away with it...

You really have to wonder though...if the poll numbers dont start looking better then maybe a sideways move...