Vince Cable warned us about Bob Diamond

The business secretary expressed reservations about the Barclays chief on his appointment two years ago.

Here are a couple of remarks from Vince Cable.

"We are worried about this combination of the casinos and the traditional banking."

"Mr Diamond illustrates in a particularly graphic way what happens when you have an extremely high paid head of an investment bank taking over one of these major international banks."

They don’t seem especially unusual over the last few days do they? The sort of thing you might expect any politician to be saying at the moment. And of course they echo a sentiment that I suspect is shared by many today.

Only Vince didn’t say them yesterday. Nor indeed this week. He said them almost two years ago, on Bob Diamond’s initial appointment.

I know I’m partisan. But this does seem especially prescient, does it not? And not the sort of thing you’d expect George Osborne to say, or indeed be capable of saying.

Nor is it the first time he has been so discerning. Nor indeed, is it the second. In fact, it’s a bit of a habit.

And when it’s combined with the courage to ask the awkward questions – well, it’s the sort of judgement you’d want in a Chancellor of the Exchequer.

Isn't it?

 

Should we have listened to Vince? Photograph: Getty Images

Richard Morris blogs at A View From Ham Common, which was named Best New Blog at the 2011 Lib Dem Conference

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New Digital Editor: Serena Kutchinsky

The New Statesman appoints Serena Kutchinsky as Digital Editor.

Serena Kutchinsky is to join the New Statesman as digital editor in September. She will lead the expansion of the New Statesman across a variety of digital platforms.

Serena has over a decade of experience working in digital media and is currently the digital editor of Newsweek Europe. Since she joined the title, traffic to the website has increased by almost 250 per cent. Previously, Serena was the digital editor of Prospect magazine and also the assistant digital editor of the Sunday Times - part of the team which launched the Sunday Times website and tablet editions.

Jason Cowley, New Statesman editor, said: “Serena joins us at a great time for the New Statesman, and, building on the excellent work of recent years, she has just the skills and experience we need to help lead the next stage of our expansion as a print-digital hybrid.”

Serena Kutchinsky said: “I am delighted to be joining the New Statesman team and to have the opportunity to drive forward its digital strategy. The website is already established as the home of free-thinking journalism online in the UK and I look forward to leading our expansion and growing the global readership of this historic title.

In June, the New Statesman website recorded record traffic figures when more than four million unique users read more than 27 million pages. The circulation of the weekly magazine is growing steadily and now stands at 33,400, the highest it has been since the early 1980s.