- Most Read
- Recent Comments
- Op-eds
Author Archives: Ed Randall
Opinion: Intelligent quantitative easing is best hope to stop the bleeding and begin reviving the patient
At our party Conference in Birmingham I described accelerated fiscal consolidation as pure poison: “Poison for the party, poison for the Coalition and, most important, poison for the country.”
I know that Liberal Democrats in ministerial office cannot be heard to say such things in public. But Liberal Democrats who do not have to labour under the restraints of office should be making it plain how oxymoronic ‘expansionary accelerated fiscal consolidation’ really is.
They will be in good and growing company.
The announcement of a further round of Quantitative Easing (QE) – much larger than the financial press had anticipated and a month …
Opinion: Is the Chancellor ready to listen to the best economic brains in the Cabinet?
Having just left one party conference, where I was able to deliver my message on the shortcomings of the Coalition Government’s strategy to revive the UK economy and to promote my alternative take on the official Lib Dem approach to party policy development, in advance of the next General Election, (see Facing the Future ), I am now waiting to hear what George Osborne has to say at the Tory party conference in Manchester, in just a few days’ time.
Labour really is – as Alistair Campbell has recently put it – the third most interesting party in the …
Opinion: pots and kettles – names and games and a journey towards political maturity
Michael Collins, a lecturer in twentieth century British history at UCL, has predicted at Open Democracy–Tuition fees just the beginning of Lib Dem troubles that the “SDP contingent” in the Liberal Democrats faces an existential battle with “coalition Liberals” over the future of the party.
Collins’ fantasy Lib Dem politics isn’t very convincing but there are a growing number of matching accounts, which mirror his portrayal of Liberal Democrat division, include accusations of unprincipled behaviour and go on to predict the party’s demise. It seems reasonable to respond to Collins’ account of ‘Lib Dem troubles’ with a little history and …
Opinion: With Liverpool in my mind
A mistaken diagnosis that leads to mistaken and damaging policies: an invitation to Liberal Democrats to reflect on coalition policy before they meet in Liverpool in September.
The coalition government is committed to urgent fiscal retrenchment. Measures agreed between the coalition partners mean that the coalition has adopted £6 billion of ‘early’/Conservative public sector spending cuts, cuts that Liberal Democrats previously opposed.
The coalition’s emergency budget announced an increase in VAT from 17.5% to 20%, to be introduced at the beginning of 2011. The VAT rise was presented as an essential part of a plan to accelerate the elimination of a …
Opinion: The British electorate did not speak with one voice – but we must
The British electorate has spoken!
On Thursday, and (given the numbers of postal votes cast in the 2010 General Election) for many days before, the British electorate ‘spoke’. But it didn’t speak with one voice.
For decades our electoral system has suppressed dissent and aided those who dismiss fundamental disagreements as ill-considered discontents. First past the post in UK parliamentary elections has been a variant on Henry Ford’s famous maxim – you can have any colour, providing it’s black.
But the British electorate isn’t made up of post box red or royal blue electors. It has been multi-coloured for a long time …
Opinion: A Diminished Clarke – a picture of electoral calculation and desperation
What Ken Clarke has been sent out to do (FT.com – requires registration) – and has been willing to do – diminishes him. It can hardly diminish his party.
Ken Clarke is a fervent European but he has been willing to return to the frontline of Tory politics. No doubt he believes he has done a deal…and he has calculated that he can hold back the forces of Euro-scepticism in the Tory party. The gag he is now prepared to wear, on European matters, is a measure of how unsound his judgement has become.
He has a point when he complains …
Opinion: Baleful – keeping our heads despite the ‘debate tsunami’
The fact that Tim Bale, an academic from Sussex University and author of The Conservative Party; From Thatcher to Cameron, is represented in the FT as attempting to answer a silly question about the Liberal Democrats illustrates the extraordinary nature of the ‘debate tsunami’ that has struck British politics. It also serves to underline the need to resist any temptation (limited I know so far as most Liberal Democrats are concerned) to build castles in the air, on the basis of a few days of post ‘debate’ polling.
Bale’s piece is entitled: ‘Lib Dem Revival not yet a Revolution’. There is, of course, a slight problem with the …
Opinion: Fair taxes – radical and challenging Liberal Democrat plans
Stuart Adam and Mike Brewer of the Institute of Fiscal Studies argue, in their April ‘observations’ piece on Liberal Democrat tax cutting policies, that it is meaningless to make the claim that the poor pay more of their income in tax than the rich.
However, no sooner do they make this observation than they go on to confirm that official statistics show this is the case. No one, they explain, disputes the ONS data which shows that the poorest fifth of households paid 38.7% of their income in tax. Neither is there any dispute that this compares with a tax take of £25,926 or 34.9% from …
Opinion: It’s all very well agreeing now Gordon, but after 13 years how can your party be the change we need?
I think Nick is right – we need change”
Gordon Brown to Andrew Marr (18th April 2010)
Gordon Brown keeps agreeing with Nick Clegg but he doesn’t seem to understand where this agreement is leading. It leads directly to the following question, for the man who now admits he has had one damascene experience after another: “How can you or your party be the change we need?”
Gordon Brown has long had trouble reading the runes (and much else besides). He says he has been appalled by dishonest dealing in the City. He admits that he personally should have done better in …
Opinion: Osborne and Cameron – proving they are unfit to govern
George Osborne and David Cameron are given to policy stunts which they should know by now will come back to haunt them. I’ve written about it before on Lib Dem Voice.
And this time they really have messed up big time. Should they win the election they will undoubtedly live to regret their foolishness on National Insurance and, most especially, the public sector savings they have cavalierly claimed can easily pay for it.
The people who know about these things – not company bosses who are quite understandably interested in reducing their company tax bills – have come out against Osborne and Cameron’s electoral cynicism and imprudence.
Opinon: Wolf at the door – and about time too!
In his piece entitled “Back to the Future”. Martin Wolf of the Financial Times hits most nails on the head. He also sets a challenge for those who want to do more than occupy the green benches to the right of the Speaker’s chair.
He believes that Labour and Conservative politicians have simply turned their backs on the need to fashion and campaign for economic and social policies that equip the UK to meet the challenges of the decade ahead. The formula for economic growth that emerged under Thatcher, which was inherited and uncritically maintained by Blair and Brown, relied …
Opinion: Opportunities abound and our opponents have rarely been so uncertain and unconvincing
Alistair Darling’s pre-budget and pre-election speech was well done. Good knock about in which he steered clear of presenting a budget. David Cameron’s response not only rivalled Darling’s in terms of vacuity, on economic policy, but was too angry by half given the emptiness of his own party’s plans and proposals.
Nick Clegg did fine. It wasn’t a riveting parliamentary performance but it was a workmanlike and honest response to the budget speech, and it did what Nick and Vince must have hoped it would do: it got out the LibDem message efficiently and ensured that key LibDem sound bites …
Opinion: Who can trust Cameron?
In June 2006 Professor John Curtice, commenting on opinion polls and shifts in the UK political environment said: “It looks as though we may have entered a new political era”. Andrew Grice, The Independent on Sunday’s Political Editor, observed that the Independent’s ‘poll of polls’ showed “David Cameron’s rejuvenated Conservative Party [opening] a seven-point lead over Labour.”
The focus of their political analysis was the impact of a recently elected Conservative Party leader on UK party politics. Here was a leader who had set out to detoxify the Tory brand, and he and his party appeared to be making significant headway.
David Cameron had, according to Andrew Grice, called on …
Opinion: The Avoidance of Embarrassment Principle
There is one principle that Labour politicians seem willing to test to destruction in the English courts. It is the avoidance of embarrassment principle. The Foreign Secretary has not only tried to apply that principle in court, in full public view – where he has looked increasingly ridiculous in the Binyam Mohamed case – but his legal representative has also tried to pursue the principle in private, in an ultimately unsuccessful attempt to conceal his master’s shame and the
Government’s hypocrisy.
Even though the Government appeal in the Binyam Mohamed case was dismissed the Foreign Secretary told the House of Commons that …
BBC economics: a little simplistic when it mixes the economic and political
Stephanie Flanders, the BBC’s economics editor, can be listed amongst those who have some influence on the public discussion of economic policy making in the UK. So her ‘Stephanomics‘ – which is part of the BBC News website – merits a read from time to time.
In a recent piece she suggests that there is a certain amount of solace for the Conservatives in what Ben Bernanke, head of the US Fed, has been saying about financial regulation in the UK. However, Stephanie gives what I think they call ‘a bum steer’ on the other side of ‘the pond’.
