This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/uk-politics-18987491#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa
The article has changed 6 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| Osborne a work experience chancellor, says Cable ally | Osborne a work experience chancellor, says Cable ally |
| (40 minutes later) | |
| A close ally of Vince Cable has called for the business secretary to replace George Osborne as chancellor. | A close ally of Vince Cable has called for the business secretary to replace George Osborne as chancellor. |
| Liberal Democrat Lord Oakeshott told the BBC Mr Osborne was a "work experience chancellor" with "no business experience". | Liberal Democrat Lord Oakeshott told the BBC Mr Osborne was a "work experience chancellor" with "no business experience". |
| He added that the "best people" were needed to help the UK out of the current economic crisis. | He added that the "best people" were needed to help the UK out of the current economic crisis. |
| His comments came after the latest figures revealed that the economy had shrunk by 0.7% between April and June. | His comments came after the latest figures revealed that the economy had shrunk by 0.7% between April and June. |
| It was the third quarter of a year in a row of falling GDP. | It was the third quarter of a year in a row of falling GDP. |
| Mr Osborne said: "We're dealing with our debts at home and the debt crisis abroad. | Mr Osborne said: "We're dealing with our debts at home and the debt crisis abroad. |
| "But given what's happening in the world, we need a relentless focus on the economy and recent announcements on infrastructure and lending show that's exactly what we're doing." | "But given what's happening in the world, we need a relentless focus on the economy and recent announcements on infrastructure and lending show that's exactly what we're doing." |
| 'Arrogance' | |
| However, Lord Oakeshott told BBC Radio 4's World at One that his fellow Liberal Democrat Mr Cable should be put in charge at the Treasury. | However, Lord Oakeshott told BBC Radio 4's World at One that his fellow Liberal Democrat Mr Cable should be put in charge at the Treasury. |
| He said: "George Osborne has got no business experience. | He said: "George Osborne has got no business experience. |
| "He has never worked outside politics. He is doing surprisingly well for a chancellor on work experience. | "He has never worked outside politics. He is doing surprisingly well for a chancellor on work experience. |
| "But really in a torrid time like this I think we do need absolutely the best people available." | "But really in a torrid time like this I think we do need absolutely the best people available." |
| Lord Oakeshott told the BBC News Channel that the Treasury was displaying "inertia combined with arrogance". | |
| He said: "We have just got to have a bolder plan to to grow, to make the banks lend and to get houses built, and I do think it would help if we had the A-team in the Treasury. | |
| "George Osborne has been working hard and done his best, but we are in uncharted waters and I think more experience would be good." |