Tuesday, 6 March 2012

Cable in Hot Water


Vince Cable has been in hot water since his letter to Nick and Dave was leaked to the press. Mr Cable said the government’s economic policy lacked vision.
It’s worth bearing in mind though, that Tories and Lib-Dems have two quite different approaches to managing the economy.
The Lib Dems are more likely intervene at an early stage to channel or redirect the economy. Intervention and redistribution comes quite narural to them
 The market-orientated Tories are more inclined to allow the economy to take its own route and to intervene just to free up blockages.
If George Osborne doesn’t have a ‘vision’ it’s partly because it’s never occurred to him to have one

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