A week on and 'yacht-gate' rumbles on, though attention seems to have turned to Mandelson for now. George Osborne seems to have stabilised his position but last week's events highlighted a major problem for the Tories as they seek to win the next election.
The economy is the transcendent political issue of our time but Osborne is clearly not up to the job of shadow chancellor, and that does not bode well should he ever get into government.
No surprise really: the man has never had a real job (St Paul's, Oxford, working for the Tory Party, MP) or even lived in the real world (born into privilege, lived in privilege ever since). He has NO idea what it is like to struggle to get the money to feed the kids, pay the utility bills, etc. And neither does anyone he has ever been around.
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