The business on...Lord Oakeshott, Liberal Democrat Peer
Saturday 11 December 2010
The new Vince?
Sort of. It's true that since becoming Secretary of State for Business, Vince Cable has become a bit more circumspect about expressing his views, even on bankers (his previous bêtes noires), and that Lord Oakeshott has not been reluctant to step into the breach. But they're quite different.
How do you mean?
Well apart from anything, Mr Cable is a dour northerner, while Lord Oake-shott is a posh southerner educated at Charterhouse and Oxford.
So the City prefers him then?
Not necessarily. If anything, he has gone even further than his predecessor in calling for tough action against bankers. And he's starting to wind people up. "Lord Oakeshott, I am confident, is a social delight and, yes, he is a Treasury spokesman in the Coalition Government. But he's hardly a luminary on banking," said one City scribbler yesterday.
Sounds like he's hitting them where it hurts?
Maybe. And to be fair to him, he does have plenty of relevant expertise – he spent a long period working in the City, for companies such as Warburgs. He even helped to found what has become a successful fund management business, Olim.
Not just a political hack then?
No, though he has done that too. He was a Labour member of Oxford City Council for several years and was also a special adviser to Roy Jenkins in the Seventies, first when Labour was in opposition and then when his boss became Home Secretary. He was a chocolate soldier.
Steady on now, he can't be completely useless
Not a chocolate teapot. A 'chocolate soldier' was the name given to special advisers to opposition frontbenchers at the time – they were funded by the Rowntree Trust, you see. He had gone to work in the City after standing unsuccessfully at two elections – once for Labour, once for the old Alliance – and the Lib Dems were then absolutely delighted to make him a peer in 2000.
Emergency call 'started off dumb, but got pretty serious'
Britain First criticised for using actress's memory to draw attention to their 'hate-filled home page'
Thought you'd seen it all after the Jeremy Paxman interview?
Greatest mystery about the hit BBC1 show is how it continues to be made at all, writes Grace Dent
"History is violent," says the US Army tank commander Don "Wardaddy" Collier
Animal welfare charities have urged the boy band to cut the scenes
Argentinian scored 'rabona' wonder goal for Tottenham in Europa League – see it here
- 1 This 'woman calls police to order pizza' story isn't going where you're expecting
- 2 Watch what happened when food critics were unknowingly served McDonald's
- 3 Jimmy Carr's controversial Oscar Pistorius joke goes a bit too far at the Q Awards
- 4 Ottawa shootings: Bruce MacKinnon's cartoon is the perfect tribute to soldier Nathan Cirillo
- 5 Of course, teenage girls need role models – but not like beauty vlogger Zoella
Isis releases first video showing the stoning of woman accused of committing adultery as her father shouts 'don't call me Dad'
This 'woman calls police to order pizza' story isn't going where you're expecting
FCKH8: YouTube reinstates provocative anti-sexism video showing young girls swearing
Diwali: What is the festival of lights – and how is it celebrated around the world?
Jimmy Carr's controversial Oscar Pistorius joke goes a bit too far at the Q Awards
Of course, teenage girls need role models – but not like beauty vlogger Zoella
Cameron is warned 'no possibility' of UK reducing immigration and that bid to bring in quota on migrant workers would be illegal
Support for EU membership 'at highest level since 1991' with most Brits wanting to stay 'in'
Thousands with degenerative conditions classified as 'fit to work in future' – despite no possibility of improvement
Residents should throw a street party and mix with immigrant neighbours, councils told
Attacks on 'Ukip Calypso' show how skewed people’s priorities are
iJobs Money & Business
£24000 - £28000 per annum + bonus & benefits: Ashdown Group: IT Business Syste...
£50000 - £90000 per annum + benefits: Ampersand Consulting LLP: Markit EDM (CA...
£100 - 125k: Guru Careers: A CTO / Chief Technology Officer is needed to join ...
Competitive (DOE): Guru Careers: A COO / Chief Operating Officer is needed to ...