A Cable Fable

With the good doctor Vince Cable being portrayed as the devil by unquestioning supporters of the City (is he really? The Times City Comment today seems a bit nearer the mark) I'm amused to see how CBI boss, Richard Lambert, is now being billed as the great defender of capitalism.

That would be the same Richard Lambert, who as editor of the Financial Times once wrote an editorial on the eve of the 1992 general election suggesting readers, er, vote Kinnock. How times change.

Labour statistics keep on repeating...

I see that unemployment has reached 2.4m - the highest level since 1995.
Plus ca change. Former Tory Trade Secretary, Lord Parkinson, is fond of telling a story of how he once pointed out that every Labour government has left office with unemployment higher than when it arrived. An incredulous reporter asked the then opposition leader, Neil Kinnock, if Parkinson's claim was indeed true.
Kinnock's reply? "Well, statistically speaking."