‘Scrooge’ George Osborne turns into Santa – Robert Colville – POLITICO

Poster showing Jiang Qing promoting the fine a...

Poster showing Jiang Qing promoting the fine arts during the Cultural Revolution while holding Mao’s “Little Red Book” (Photo credit: Wikipedia)

Robert Colville of Politico is probably on the button. He argues that in short, rather than hacking back the state with an ax, Osborne is giving it a severe haircut

Source: ‘Scrooge’ George Osborne turns into Santa – POLITICO

The headline about ‘Scrooge’ and ‘Santa’ reminds us that leopards don’t change their spots.

International investors around the world will have picked up the reference by the Labour Shadow Chancellor to ‘Mao’s Little Red Book‘. Somebody should tell John McConnell that humor doesn’t travel.

I would not be surprised to see financial

English: Cartoon of George C. Scott as 'Scroog...

English: Cartoon of George C. Scott as ‘Scrooge’, starring in the 1984 television film ‘A Christmas Carol’. Nederlands: Een cartoon van George C. Scott als ‘Scrooge’ in de televisiefilm ‘A Christmas Carol’ uit 1984. (Photo credit: Wikipedia)

forecasters to start cranking the numbers of the ‘political risk’ of the Labour Party winning the next UK general election.

Thoughts?

 

 

Opinion – Former Chinese leader Jiang Zemin returns to Beijing in challenge to President Xi Jinping – China Daily Mail – John Gelmini

English: Chinese leader Jiang Zemin signature....

English: Chinese leader Jiang Zemin signature. 中文: 中国国家主席江泽民的签名。 (Photo credit: Wikipedia)

Jiang Zemin is popular with the Chinese military, who favour taking a much harder line against America and the West.

Xi is more popular with the people and despite recent economic difficulties is tough and fleet of foot enough to stay ahead of the curve, reposition the Chinese economy and thus be in a position to allow the military buildup to continue at 11.5% a year.

Rooting out corruption gives ordinary people hope and it helps to move China up the various UN indices such as HDI and the Corruption Perception index.

These are critical to ratings agencies and to inward investors considering where to put their money in one country versus another.

My money is on Xi as the more farsighted and strategic of the two men who the West would find it easiest to do business with in the long run and who our leaders will have to deal with for good or ill.

Dr Alf may see the situation differently,  with the rivalry creating internal strife in the “Middle Kingdom”, and some Western leaders may see an opportunity for mischief making. In the present volatile state of the world these Western leaders should be careful what they wish for and remain unattached but vigilant.

John Gelmini