Wednesday, 2 April 2014
The time for resignation has passed
Vince Cable has stuck with the flawed Royal Mail sell-off for so long, he might as well stay. The time for a principled resignation was last summer when it was clear that Liberal Democrats in government were going to be overruled and the Mail was going to be sold off for the benefit of City insiders and not the customers or the taxpayer. A resignation at that time would not have frightened the Wall Street gnomes as it would in the early days of the coalition before its credibility had been established, but it would still have set a marker for Vince and the party in the lead-up to the next general election.