Darling, I don’t love you

Alistair Darling was one of only three MPs to have stayed in the Cabinet during the whole of Labour’s term from 1997 – 2010. The others were Gordon Brown and Jack Straw. He was Chancellor of the Exchequer from 2007 – 2010. He continues in politics as MP for Edinburgh South West. He is a solicitor and was admitted to the Scottish bar in 1984 as an advocate.

His new book ‘Back from the Brink: 1,000 Days at Number 11’ will have been published by Atlantic Books as you read this blog. An extract caught my eye:

“I have set out the events surrounding this reshuffle in greater detail than I might have done because there has been so much erroneous speculation about what happened.”

Personally I couldn’t care tuppence about a possible reshuffle in Gordon Brown’s cabinet and the endless narrative about this shameful period of Government does nobody any favours. I suppose it sells books.

What is more interesting is the fundamental argument of ‘investment versus cuts’ which dominated the final two years of Labour’s regime and which is likely to surface this autumn as George and friends face up to the awful state of the British economy. Middle England is running out of money, growth is stagnant, banks aren’t lending, the equity markets are quiet and the control of Government spending is all over the place.

Alistair Darling was twice voted Britain’s most boring politician. I wonder if he’s written a best seller. I think I’ll wait until W H Smith halve the price.


Where are the women?

The completely potty proposal made by Lord Davies of Abersoch in February 2011 that FTSE companies should have Boards of Directors of which 25% are women is looking even dafter. Only eight companies have announced that they aim to meet the target.

Lord Davies had warned that British companies would be held back if they did not move to his aspiration.

His researchers are saying the facts are flawed and that it is more than eight companies.

To what end? Can anybody explain to me why a mandatory number of female directors will make a difference. Would it have stopped Sir Fred Godwin?

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