Thursday 4 December 2008

 

The latest culture as recommended by our staff

Michael Henderson

Michael Henderson suggests


‘That’s Shriti Vadera — Gordon’s representative on earth’

Wednesday, 20th June 2007

Miss Vadera is Gordon Brown’s most trusted policy adviser and Whitehall enforcer. Next week she is expected to move from the Treasury to take up a key role in the kitchen cabinet at No. 10, perhaps even as the new Prime Minister’s senior ‘gatekeeper’. When I was briefly her speech-writer, however, she was a director of Warburg Dillon Read (now UBS Investment Bank) in the City. It was 1998, and we were at a conference on globalisation. She had agreed at short notice to speak about the impact on the developing world of that year’s Asian and Russian market crises. She asked me to help and — this being the morning after a lively night before — I suggested a joke to lighten the mood. Perhaps it wasn’t a very good joke: when she delivered it with a hesitant frown it raised barely a titter until she added, mock-crossly, ‘That was Martin’s. I told him it wouldn’t work,’ which at least got half a laugh.

I tell this story to establish that I have a distant personal connection with my subject and a certain fixed idea of her. I have not seen her since shortly after she disappeared behind the Treasury purdah screen in 1999 to advise ministers on ‘public private partnerships, the Private Finance Initiative and other business issues’. But I have read plenty about her — and if reports are correct, something terrible has happened in the intervening years. The serious-minded but likeable thirty-something I knew has transmuted into the assassin of Railtrack, the ass-kicker of Transport for London, the axe-wielder from the Treasury whom departmental ministers fear as acutely as they fear Gordon himself, with whose total authority she speaks. Martin Sixsmith, the BBC reporter turned civil servant, caught the flavour of this in the Sunday Times with an anecdote from the Railtrack saga in 2001 in which he came upon the transport secretary Stephen Byers setting off for a meeting; a spin doctor says to Sixsmith, ‘You’d better come too. Shriti wants us.’

‘I was not sure who Shriti was ...but I knew she must be important: not many people command that sort of jump-to-it response.... The atmosphere was charged.  Byers was nominally in the chair, but it was a rather portly, middle-aged woman who immediately took charge, taking the floor without even a glance at the minister. A colleague whispered: “Shriti Vadera: Gordon’s representative on earth.’’’

More articles from: Martin Vander Weyer | this section

Subscribe now

Post this entry to:   del.icio.us | Digg | Newsvine | NowPublic | Reddit

Comments

Post a comment


Your comment:*

Your name:*

Your email address:*
(We won't publish this)

*Required information

Please click the button only once - your comment will not be published immediately


The Spectator Parliamentarian Awards
Spectator Book Club
The Spectator Billabong

In this section

The global currency crisis is still to come

Jonathan Ruffer

Jonathan Ruffer argues that state bail-outs in response to the credit crunch could lead to yet another massive shock: a widespread collapse of currencies, and a new inflation

Is gold still a safe haven?

Matthew Lynn

Ingots are just another commodity

City Life

Robert Beaumont

At last, a fine statue of Brian Clough — but still not even a plaque for Jesse Boot

Related articles

Thank goodness we can have a run on the pound when we need one

Martin Vander Weyer

Martin Vander Weyer looks ahead to next week’s Pre-Budget Report and reflects on George Osborne’s contentious remarks about the devaluation of sterling. It looks like Gordon Brown is getting away with his borrowing binge — leaving the Tories isolated

‘These clouds will have a silver lining’

Judi Bevan

Judi Bevan meets Sir John Parker, who chairs National Grid and the Court of the Bank of England — and takes an optimistic view of the deepening recession

Twelve steps to market meltdown

Stephen Vines

Stephen Vines says stock markets may seem wildly volatile at times of crisis, but they always follow a pattern

What the US Treasury needs: magician and economic genius

James Doran

James Doran assesses the qualities needed to be Obama’s Treasury secretary at a time of unprecedented crisis, and wonders whether the front-runners measure up

He’s the voice of the crash, but the words are all his own

Dominic Midgley

Financial crisis has transformed Robert Peston from egghead to celebrity, says Dominic Midgley, but the BBC business editor indignantly denies he’s a government mouthpiece

Spectator recommends

Free Sky Digital Offer - Order Now

Subscribe to Sky from £16 a month. Get free equipment and free broadband - Join Now. Sky HD - be...


Spectator classifieds

ROME CENTRE

PORTA METRONIA, ROME Standing high on the top of one of the seven hills of Rome- the Coelian- this unique

City Breaks. ROME and PARIS

ROME and PARIS: over 350 holiday rentals apartments listed: visit  www.romanreference.com  and  www.parisreference.com or call +39 0648 903612.

Jewellery. RUFFS (Estd. 1904).

Goldsmiths by Design Welcome to Ruffs!  You have found a company of Goldsmiths that specialises in the manufacture, amongst other