Monday, 21 July 2014
Ken Clarke Pours Cold Water on Osborne's "Economic Recovery"
Ken Clarke, free at last to express his real opinions, has lambasted Osborne's so-called "economic recovery". Speaking to the "Guardian" he described the recent slight economic improvement as nothing more than "a bit of cyclical upswing" while Britain's economy is "fragile, vulnerable to shocks, and still lacks the strong productive base necessary to compete long-term in global markets". "It's not firmly enough rooted on a proper balance between manufacturing and a wide range of services and financial services," he says. "I mean, we have this mystery of why we can't get productivity to start rising again." Describing Osborne's policy as merely reviving the "ludicrous cycle of house price booms," he has, in effect, trashed the Tory party's entire economic policy. Not that there is much to trash since their policy consists entirely of erecting a solid wall of economic privilege between themselves and the rest of the country and then pulling up the drawbridge. Ken Clarke, it must be said, is the last of a dying breed within his party - a "one nation Tory" who believes that a government should govern in the interests of the whole country and not in their own selfish interests. As such Ken Clarke is a bit of a dinosaur as the "modernising" Tories seek to turn the clock back to the 18th century and grab what they can while they can. Pity he didn't say all this when he was in a position to make some sort of difference.