Tag Archives: David Miliband

Cabinet of despair

Government departments and their ministers, reshuffled

We’re in a recession heading for a depression, and George Osborne is Chancellor of the Exchequer. Osborne believes that the right thing to do when the economy is failing is to cut government spending and to make large numbers of people unemployed. Even economists who thought this theoretically might work realise it’s long since proved to be not working (Martin Wolf of the Financial Times was recommending in May that the government announce a change of plan): Nobel Prize winning economists Paul Krugman and Joseph Stiglitz, turn out – strangely enough – to know more about the economy than a man whose main qualification for being Chancellor is that he was in the Bullingdon Club with David Cameron.

Yet Osborne is set to continue cutting till May 2015. And short of revolution, we can’t get rid of him.
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