Email of the day 1
Comment of the Day

July 19 2016

Commentary by David Fuller

Email of the day 1

On George Osborne:

I agree with you David. It's easy today in this relatively benign environment to forget how it felt in 2010. The bond market was waiting: if Gordon Brown had been elected I strongly suspect that UK government debt would have been a 'sell' on a huge scale. The ramifications for government spending, for debt, for interest rates and the pound would have been devastating. The economy was on the edge and George Osborne's reassuring words (perhaps as much as his actions) stabilised the country and prevented economic disaster. What a pity he threatened so foolishly over Brexit. A reputation ruined.

David Fuller's view

Yes, I will remember George Osborne as an excellent Chancellor until he let political ambition blind him during the Brexit debate. However, politics at the top is a difficult, stressful occupation and so many go a bit mad towards the end. I wish Osborne well but am happy to have a new Chancellor.

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