Can George Osborne and Vince Cable work together?
Despite the fact there appears to be great harmony within the new coalition government, rumours continue to circulate regarding the relationship between Vince Cable, the business secretary, and George Osborne, the Chancellor of the Exchequer. It is believed that Vince Cable turned down the opportunity of a relatively high position within the Treasury because of his past relationship with a younger George Osborne.
Many people see the relationship between George Osborne and Vince Cable as a potential weak point for the coalition government because they both hold such important positions with regards to the UK economy and the UK business arena. If they are unable to work together in some shape or form we could see delays and mixed messages passed to the investment market. As we mentioned in our earlier article, concern and confusion are the two emotions which investors fear most from a government!
Many believe that Kenneth Clark will make a return to the Treasury at some point although the unwavering loyalty shown to George Osborne by David Cameron would appear to have headed off pressure on George Osborne in the short-term. Whether George Osborne can repay this loyalty by rescuing the UK economy remains to be seen.
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