It’s absolutely obvious that the BBC is trying a smash and run on the Conservative Party today, and that the work of Alastair Campbell and the Dark Lord Peter Mandelson is again grabbing hold of the pro labour state broadcaster. I’ll prove it.
Nick Robinson, the Political Editor, said on his blog and broadcasts today:
“On the banking crisis, he (Cameron) can’t say “I told you so” because he didn’t.”
Clearly Nick didn’t read what David Cameron said in March:
“In short, liquidity risk was all but ignored, credit risk was delegated, and market risk was backward looking. And we now know that not only did the regulators not know, but too often the banks themselves didn’t know, the full extent of the risks they were subjected to. But let me say again, any reforms at an international level will need care to ensure that in tackling the past problems they do not create the problems of the future. At the same time, we must all recognise that crises are inevitable, so a prudent Government, as we will be, that is committed to be, must improve our response to these crises when they appear.”
Nick Robinson also said:
“He can’t say “we had a better answer” because he didn’t propose one and he’s given his backing to the Brown plan”
But in the same speech by David Cameron in March:
‘As well as the reforms we have outlined for the UK financial system, we need reforms at a global level too. So let me suggest one important reform that needs to take place in light of the recent crisis in world banking.’
Robert Peston (Peston is the son of economist and later Labour peer Maurice Peston, Baron Peston of Mile End and his NHS-employee wife) is of course very excited at the opportunity to have a go at the Conservative party after Greg Hands MP’s letter to the Serious Farce Office. Perhaps this explains his embarrassingly toadying piece on Nat Rotshchild’s hissy fit. Wasn’t there any news about Economics for the BBC’s Economics Editor to cover today? Nothing about borrowing?