Friday, 21 October 2011

Cabinet splits over growth and red tape

This morning's FT contains an interesting report revealing that there are increasing divisions amongst the cabinet over the lack of economic growth and the slow progress being made in coming up with plans to lift burdens on business.

The report says that Vince Cable believes that some other ministers have failed to grasp the gravity of the situation facing British companies and that they have not prioritised the need to cut red tape across the board.

His frustration is also shared by Downing St and by George Osborne in particular and a lot of their frustration appears directed at Work and Pensions Secretary Iain Duncan Smith who department has been slow inimplementing reforms to health and safety laws.

Maybe one to watch?

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