Jeremy Warner: Baroness Vadera puts foot in mouth
Thursday 15 January 2009
Outlook The Government has been accused of copying proposed Tory remedies on the credit crunch. Now it seems intent on copying their howlers too. Baroness Vadera, the business minister, is presumably too young, or perhaps ignorant, to know the origins of the famous "green shoots" of economic recovery comment, which she was coaxed into using in an interview for ITV yesterday.
In doing so, she seems to have made exactly the same mistake as Norman Lamont, who as Chancellor of the Exchequer in 1991 also claimed to see the "green shoots of economic spring" while still quite plainly in the midst of the nuclear winter of recession. In his case, it was at least two years before anyone else spotted even so much as a crocus. Baroness Vadera's comments, as the job losses mount, seem equally premature and therefore ridiculous.
To be fair, she did qualify her detection of "a few green shoots" by saying she didn't want to be the one predicting when there might be a recovery. She also said that it was still a little bit early to say how the green shoots would grow. Later, she further clarified her position to say that actually she was referring to the fact that a large company had just managed to raise hundreds of millions of pounds in the debt markets.
Even so, Mervyn Davies, a friend of the Baroness, should beware. Bankers turned Government ministers – Baroness Vadera used to work for UBS – frequently make completely inept politicians, however clever and wealthy they might be. The next thing is the Baroness will be singing in her bath.
- 1 Isis burns thousands of books and rare manuscripts from Mosul's libraries
- 2 Scarlett Johansson new band 'already hit with legal complaint' from another The Singles
- 3 Husband and wife die holding hands within hours of each other after 67 years of marriage
- 5 'Jihadi John': CAGE representative storms off Sky News accusing Kay Burley of Islamophobia
Isis burns thousands of books and rare manuscripts from Mosul's libraries
Husband and wife die holding hands within hours of each other after 67 years of marriage
Mohammed Emwazi: Nine things we know about Isis militant 'Jihadi John'
'Jihadi John': CAGE representative storms off Sky News accusing Kay Burley of Islamophobia
'Jihadi John': Mohammed Emwazi – from British computer programmer to Isis executioner
Oscars 2015: Birdman beats Boyhood as Eddie Redmayne and Patricia Arquette win big - as it happened
New theory could prove how life began and disprove God
Half of Ukip voters say they are prejudiced against people of other races
'Cash for access' scandal: Sir Malcolm Rifkind says 'unrealistic' for MPs to live on £67,000 salary
Aqsa Mahmood branded a 'disgrace' by her parents after claims she recruited three UK girls flying to Middle East
This is what it's like to be dead, according to a guy who died for a bit
iJobs Money & Business
£22,000 - £25,000: Christine McCleave: Are you looking for a new opportunity i...
£60,000 - £70,000: Loren Hughes: Are you a qualified accountant looking for a ...
£23,000: Beverley James: Are you looking to join a finance team shrouded in th...
£35,000: Anna Woodward: My client is a leader in the Superyacht design industr...