The Governor’s speech to the TUC
What I took from a subtle performance by the Governor was:
- He did not blame the previous government’s spending for the crash – which is a rather different story than we usually hear from ministers.
- He accepted that the government’s timetable for deficit reduction was a political choice, not a fiscal necessity.
- He accepted that the balance between tax and spending cuts is again a political choice.
Choosing to say these things to the TUC also has a certain symbolism.
The 11 delegates who walked out, and many journalists wondered why we invited the Governor to Congress.
They seem reasons enough to me.