Why the problems for Osborne are not over

Some interesting speculation in the FT this morning as Jean Eaglesham and George Parker beleive that the pressure is still on for George Osborne.

Conspicously absent from the chamber for Monday's economic debate,they beleive that

The scale and substance of the criticisms has reached a point where MPs are openly discussing possible replacements for one of David Cameron’s closest allies.

They see two problems for the shadow chancellor,firstly the obvious in the dealings with Oleg Deripaska but also

the perception that Mr Osborne, and by extension the Conservative party, has suffered a bad run-up to the recession. His decision to outflank Labour by matching the government’s spending plans and refusing to pledge unfunded tax cuts worked when the economy was in good shape. But the Tories now find themselves in the exposed position of advocating less radical action on tax and spending than their political rivals.