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Westminster News from Paul Waugh
The Waugh Room
News, gossip and insight from PoliticsHome Editor Paul Waugh
Sunday 25th September 2011 | 12:04
Myners' business broadside
Ed Balls is gearing up for the traditional Shadow Chancellor/Chancellor's speech that marks the real start of every Labour conference.
Word is that he's got something new to say on growth, but I wonder if he's got something new to say on Labour's relations with business.
I'm not sure if everyone's spotted it yet (it's tucked away in a box in the Observer), but Paul Myners has come up with a withering assessment of the party's record in Government.
Myners, a City veteran who had a ring-side seat during the 2008/9 financial crisis as Brown and Darling battled to keep UK banks afloat, says:
"Labour's shadow cabinet needs to acknowledge that it doesn't understand business, has almost no direct and relevant experience and, accordingly distrusts and is distrusted by business.
"This needs correcting. If this is done we might see the emergence of more serious pro-growth policies than some of the inept and inconsequential nonsense that previously masqueraded as business policy."
Yes, you read that right. A former Treasury minister says Labour's business policy was "Inconsequential nonsense".
Ed Balls hasn't worked in business, neither has Shadow Biz Sec John Denham. Neither had Gordon Brown.
I wonder whom Myers is really directing his ire towards?
Either way, it's a gift for CCHQ.....
November 2010
David Dee
Of course the Tory party abounds with people full to the brim with business acumen ??? People like Boy George who worked at folding up bed linen or our Pantomime Pm who never actually applied for a job and spent his time working for Daddy, Uncle or in a job gifted to him by Sammy's mammy. His references do not imply that he was generally recogised as a diligent worker !!!