Jonathan Fryer

Posts Tagged ‘Vicky Pryce’

The City in Europe

Posted by jonathanfryer on Monday, 9th September, 2013

Vince CableVicky PryceGisela Stuart 1Jesse NormanA referendum on Britain’s membership of the European Union isn’t expected until 2017, and may not happen then, but the arguments for both In and Out are getting more insistent. This evening, the magnificent Great Hall at the Guildhall in the City of London hosted a capacity crowd to hear a debate on the question “The City in Europe: Will the Square Mile Prosper if Britain Leaves the EU?”, organised by the Evening Standard newspaper and moderated by Jon Sopel of the BBC. The Lord Mayor of London, Roger Gifford, left no doubts as to where his sympathies lay when in his introductory remarks he stressed London’s importance as a centre for financial and other services and how some banks and firms in the City would pack up and leave if the UK withdrew from the EU. The Business Secretary, Vince Cable, pursued the same theme in one of the most pro-EU speeches I have heard him make; unlike many Liberal Democrats Vince does not have a particularly strong emotional attachment to anywhere on the continent; if any one country is close to his heart it is India. Nonetheless, he argued that EU membership is crucial for Britain’s economy and jobs. The UK is the third largest recipient of direct foreign investment (after China and the USA) and many of those investments are linked to Britain’s position in the EU. Gisela Stuart is unusual in being a Labour Eurosceptic (and MP for Birmingham Edgbaston), despite being born in what was then West Germany; but her line was indeed Eurosceptic rather than Europhobe. She felt that if some powers were repatriated (as David Cameron hopes) and the Eurozone’s economy picked up well then the British public might be likely to vote to stay in the EU. Jesse Norman, the Conservative MP for Hereford and South Herefordshire (just sacked by David Cameron for voting against the recent Government motion on Syria) took a different approach, answering the question of the debate directly by asserting that the City was strong enough to withstand the effects of Britain joining the EU. He was coy about whether he would vote Out now, but mildly optimistic that the Government will win some concessions in a renegotiation. Vicky Pryce, the Greek economist (and LibDem member) also thought that there might be some repatriation of powers, mainly because several other member states were thinking along similar lines. But she, of course, believes strongly Britain should stay a member. Had I had the opportunity to put a question to the panel, I would have reminded them of Herman Van Rompuy’s remark about people not winning arguments in a meeting if they have their coat on and one hand on the door — and I would have asked them whether the City might not benefit if David Cameron heeded that advice.

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Vicky Pryce’s Debt Write-offs

Posted by jonathanfryer on Wednesday, 28th November, 2012

Though many — perhaps too many — Brits rub their hands in glee that the UK is not part of the troubled eurozone, and therefore may sometimes benefit from currency fluctuations, only UKIP MEPs and other delusionists could relish the thought of the single currency’s collapse. “Europe”, as so many in Britain continue to refer to the Continent, as if we are somehow not part of it, is still the biggest single market for British goods and is likely to remain so for some time, despite the rise of the BRICs — Brazil, Russia, India and China. Moreover, those who would like us to become another Norway, being part of the European economic area but having no say in the rules and regulations that govern it, are positively unpatriotic, in my view. I was glad that Vicky Pryce, former Chief Economist at the Department of Trade and Industry and later working with Vince Cable at the Department of Business and Skills, stressed, at a Pizza and Politics put on by Islington Liberal Democrats this evening, that the UK is far better in than out when it comes to the EU. The author of a recently acclaimed book, Greekonomics*, she has since her departure from government employment become something of a guru on what is happening in Europe’s economy, with particular in relation to Greece, whence she originally hails. Indeed, she is forever popping up on the TV and radio as the one commentator who knows what she is talking about on the subject, yet does not slag off her compatriots as good-for-nothing lazy tax-dodgers. That is, alas, the image still in the minds of many Germans, for example, though they would do well to acknowledge just how well Germany has done out of the single currency — selling goods left, right and centre — even if they are now expected to bail out the declining European periphery. I was struck by Vicky’s comments about the possibility of the need for a debt write-off for Greece and possibly some others, as their debt levels are unsustainable and will only drive them further into the sloough of despond. I was reminded so strongly as she spoke of the Latin American debt crisis that I used to commentate on for the BBC in the late 1980s. I asked her whether she could ever envisage Britain during the euro — as Peter Mandelson, amongst others, have suggested. She was cautious about the possibility — more so than myself — but she didn’t rule it out completely.

* Biteback Publishing

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Britain’s Gutter Press and Sex

Posted by jonathanfryer on Saturday, 19th June, 2010

The British media’s obsession with politicians’ private lives has always left our continental neighbours scratching their heads in disbelief. Why should the state of someone’s marriage or the relationship that X is conducting with Y be of any legitimate interest to anyone other than those immediately concerned? The claim by newspaper editors who ought to know better is that exposés of politicians’ sex lives ‘is in the public interest’. Rubbish. It is no more in the public interest than would be an exposé of the sex lives of the journalists themselves. Yet once again, courtesy of the People and the News of the World, another Britsh politician, Chris Huhne, (LibDem) Climate Secretary, has had his private life splashed all over tomorrow’s front pages, to the likely distress not only of him, his wife Vicky, his alleged mistress, Carina Trimingham, but also Chris and Vicky’s children. I have known Chris for 30 years, Vicky and the family for about a decade and Carina since she helped out with Brian Paddick’s London mayoral campaign in 2008. These are all human beings, flesh and blood and with emotions, not fictional characters in some TV soap. And as such, their private lives should remain exactly that: private. They will have enough problems dealing with their current situation without the added pressure of media scrutiny and hypocritical criticism. Media exposés of the private lives of politicians are the modern-day equivalent of the Roman ‘sport’ of throwing Christians to the lions and are just as distasteful.

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