The Guardian’s Nick Watt reports today the long-trailed announcement that Danny Alexander, Lib Dem chief secretary to the treasury, will take on the role of the party’s shadow chancellor at the 2015 election:
Nick Clegg has decided that Alexander, his closest ally in the cabinet, will be the Lib Dem Treasury spokesman during the campaign and will face George Osborne and Ed Balls in any television debates on the economy. … The Lib Dems insisted that the election roles for Alexander and Cable were consistent with their cabinet roles. A Lib Dem spokesman said: “We are enormously fortunate to have two talented and well-known ministers on economic matters that are recognised and respected by the public. By the next election Danny Alexander and Vince Cable will have both served for five years as chief secretary and business secretary respectively, so they know their areas inside out. It therefore makes complete sense that they should continue in those roles during the election.”
I’ve made no secret of my view on this: there is absolutely no doubt in my mind that Vince Cable should have continued in the role he held in 2010 as the party’s shadow chancellor. He is, quite simply, head and shoulders above any of his colleagues when it comes not only to understanding the British economy, but, just as crucially, explaining it in a way that is both credible and distinct from the Tories.