direct democracy
Selling out, buying in
It's your money but they waste it
The original Mr Bean
Poor old Vince Cable. Like his party his fortunes are on the way down. The Liberal Democrats look to be stuck as the fourth party in UK politics several points below UKIP for the foreseeable future. While the performance of the LibDem Leader, Nick Clegg, must be responsible for some of this he cannot shoulder all the blame; so attention switches to the coalition Business Secretary, Vince Cable. The National Audit Office says that the Royal Mail privatisation was wrong to sell the shares too cheaply and this has cost the taxpayer £750 million.
However, Cable is very proud of the way he handled the sell-off and has refused to resign. Perhaps we have to feel a little sorry for Cable as way back in late 2007 he was the Leader of his party and in a position to dish it out to Gordon Brown. It was during a debate on defence that Cable said -
The house has noticed the prime minister's remarkable transformation in the past few weeks - from Stalin to Mr Bean.
We now see that having a go at Brown was not only easy, he was a natural target, but the high-water mark for Cable. What a turn-around that Cable now finds himself being biffed by Chuka Umunna, the shadow business secretary.
