Cable can’t make any promises

Did you realise that today is the first anniversary of the government’s Spending Review? Neither did I until the politicians started making a fuss about it, starting with Vince Cable on the TV last night. We’ll post video footage of the Business Secretary’s performance when we can, but this write-up here just about covers it. He made a few earcatching remarks — among them that “we didn’t know that there would be a major crisis in our export markets and that energy prices would shoot up” — but one has captured the headlines more than any other. Asked whether he could promise that we wouldn’t experience a double-dip recession, Cable replied:

“I can’t do that. We know conditions are very difficult but the government is doing the best it can to protect people.”