Lord Lawson: U.K. Chancellor needs to concentrate on ailing economy

This article was last updated on April 16, 2022

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Ex-Chancellor, Lord Lawson claims that George Osborne needs to give up being the Tory strategy chief and concentrate on running the ailing economy.

Margaret Thatcher’s Chancellor also thinks that the man doing his old work should lose the unofficial role as Downing Street strategy chief. But he said that Mr. Osborne needed to focus exclusively on the tough job of addressing the deficit following criticism that his dual role led to him lose his focus.

Lord Lawson stated in a radio interview: “I think it might be sensible to give up the formal role and focus exclusively on his job as Chancellor which is a tremendously important job.”

The Tory peer’s call comes after Mr. Osborne was dealt another major blow yesterday when government borrowing figures jumped again last month. It leaped Britain a further £14.4billion in the red, £1billion more than expected.

Shadow Chief Treasury Secretary, Rachel Reeves said: “By choking off the recovery and pushing the economy into recession the Chancellor has ended up borrowing more – as we repeatedly warned.”

Mr. Lawson has also pointed criticism towards Mr. Cameron, he said the party leader had “a lot to learn” from Baroness Thatcher’s methods – and was out of step with Tory MPs in favouring the recent Labour model.

He suggested: “There are basically two models of long-term premiership in recent memory: Margaret Thatcher and Tony Blair. David Cameron has modelled himself very much on the Blair style. I think the Conservative backbenchers prefer the Thatcher style. I do think he has a lot to learn from her. And I think Blair is a bad role model except in that particular time in history of changing the Labour Party which had to be done. He was brilliant at that but I don’t think that applies to the Conservative Party at all. I don’t think there is any read across.”

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