Before the last election, George Osborne, the Chancellor of the Exchequer, had trumpeted the endorsement of Richard Branson. But now Branson is calling for a rethink of his policies:
In an outspoken intervention, the founder and chairman of the Virgin Group called for a renewed focus from ministers on bringing unemployment down and promoting the country’s entrepreneurial spirit.
Also noted that the government may bring back the former investment banker David Laws, who was forced to resign as chief secretary to the Treasury over an expenses scandal two years ago, to beef up its economic credentials.
This is on the heels of the news that UK economy fell into a recession deeper than expected and the promise by the Liberal Democrat deputy prime minister of the Coalition, Nick Clegg, of a “massive amplification” of state-backed investments in housing and infrastructure.
Things are not going swimmingly for Prime Minister David Cameron, not even in dreams.