Cameron veto throws UK election debate plans into chaos – Yahoo News UK

English: Ed Miliband, British politician

English: Ed Miliband, British politician (Photo credit: Wikipedia)

Cameron speaking in 2010.

Cameron speaking in 2010. (Photo credit: Wikipedia)

This article published by Yahoo News is worrying. It’s worth a read.

via Cameron veto throws UK election debate plans into chaos – Yahoo News UK.

Why is the incumbent Prime Minister of the UK, David Cameron, not ready to go head-to-head on prime TV with Ed Milliband, the Labour Party leader?

‘Red Ed’ is supposedly a toxic liability for the Labour Party, so what’s worrying David Cameron?

Thoughts?

Ken Clarke: ‘unsustainable’ debt and deficit will suck UK into low growth trap – Telegraph

I agree with former UK Chancellor, Ken Clarke, sharing his views in South America and reported in the Telegraph. What about you?

via Ken Clarke: ‘unsustainable’ debt and deficit will suck UK into low growth trap – Telegraph.

I tend to relate more easily to Ken Clarke than current Chancellor, George Osborne, whose argument is often laced more with political dogma than defensible economics.

So I favor a small state but also public investment to create jobs. Most importantly I strongly advocate an industry strategy and a skills improvement plan, along with serious measures to increase exports. There’s also a need for a much wider national risk register, with mitigating actions – it should be published quarterly as part of open government (unless there are national security issues). The number one economic risk is probably the UK banks.

Let me ask two open questions:

  1. Why do you think that the banks are the number 1 risk in the UK?
  2. How should government mitigate the risk of the UK banks?

Thoughts?