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May 29, 2012

A Burdz Eye View

Yesterday’s excellent guest post on the Beecroft report is worthy of a second look, not least because of the potential political and socio-economic ramifications which might ensue if the UK Government adopts its recommendations.

At first glance, this looks like the perfect issue for allowing a coalition divide.  Vince Cable, the Business Secretary, has already dismissed the ideas contained in the report.  While the Prime Minister has been offhand about them, his backbenchers are positively slavering at the mouth. When Depute Prime Minister Nick Clegg had the temerity to criticise the proposals, he found himself scoffed at by Lord Beecroft who also denounced Cable as a “socialist who appears to do very little to support business.”

Yet, things are not quite so clearcut as the headlines would have you believe.

Lord Oakeshott, a Lib Dem peer, was on Newsnight last week stating that he had no problem with…

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