
Lawson: I would not have U-turned
I’m presenting Radio Four’s Week in Westminster tomorrow at 11am and discuss George Osborne’s U-turn with former chancellors Alistair Darling and Nigel Lawson (the latter pictured above when editor of The Spectator). I put to them that it is unwise for a chancellor to perform a U-turn because it undermines his credibility – a very precious commodity in such turbulent times. Darling said that the great risk is that Osborne doesn’t look like he’s in control. Lawson replied: ‘That is my concern; that it might be thought that the main thrust of policy is no longer secure. And once the financial markets – let alone anyone else – think
