Sunday, 16 November 2008

Talking up the story

The Observer is leading with a terribly cobbled-together story about George Osborne being under pressure over yesterday's comments about the pound.
The shadow Chancellor was forced to defend himself after Labour aides and small business organisations accused him of talking down sterling despite a convention that politicians do not predict currency collapses. Kenneth Clarke, the man some MPs now want to replace Osborne, had to ride to his rescue, insisting his words were 'perfectly sensible'.
So Kenneth Clarke not agreeing with Osborne is a point against him? It seems the only pressure is coming from "Labour aides" and Stephen Alambritis from the Federation of Small Businesses and Labour councillor, who warned:
'It is important that politicians rally together at times like these and do not use terms like "run on the pound".'
Good point, let's not say it.

I can't find anything in the article to justify this:

'Baffled' Lib Dems join attack

Osborne has a point when he says:
behind-the-scenes spinning from the Prime Minister and his entourage in America is fuelling speculation that the government is planning to borrow recklessly for a big, unfunded tax con.

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