Jonathan Fryer

Susan Kramer’s Devotion to Duty

Posted by jonathanfryer on Thursday, 16th October, 2008

  There is no greater sacrifice that a politician can make than to speak at a lunch, yet not have time to eat even a mouthful herself. OK, I exaggerate. But that is exactly what Susan Kramer, LibDem MP for Richmond Park, had to do today when she came to talk to the Kettner Lunch at the National Liberal Club. The Chairman, Peter Whyte, had told her that she could talk about anything she liked, so given her background and current events, she homed in on the financial situation. Although her neighbouring MP (for Twickenham), Vince Cable, tends to get all the limelight on such matters (and has been performing brilliantly in it), Susan was herself a banker before she went into politics. As she joked at lunch, she had never thought politics would prove to be the more secure profession!

Of course, her parliamentary seat is not that secure, as it is high on the list of Tory targets and the Conservative candidate, Zac Goldsmith, and his backers have been pouring tens of thousands of pounds into the constituency in order to try to unseat Susan at the next general election. That would be a great shame, to put it mildly, as she works phenomenally hard. The reason she had to leave the NLC without even a taste of the food this lunchtime was because she had to go to Ham in her constituency to open a children’s centre.

Moreover, she demonstrated a far greater understanding of the current economic situation than the Tories’ putative Shadow Chancellor, George Osborne, who looks more than ever like a frightened rabbit, with not the foggiest clue about what is going on. I almost feel sorry for him. But I am angry at David Cameron for showing such contempt for the British electorate that he should hand the most significant political portfolio to a young chum who is probably charming but unqualified.

Susan highlighted a number of vital issues as well as giving her own, experienced take on things. She echoed Vince Cable’s remarks (which I reported on recently) that the Bank of England needs to revise its inflation target. Interestingly, she called for a sharp decrease in interest rates, as she said what happened in Japan in the 1990s showed that a series of gradual cuts do not do the trick. She also chimed in with what Chris Huhne has been saying with regard to the cash-rich energy companies, namely that the sector should be shifting its focus towards being paid to save energy rather than being paid to sell energy. On this, as on many other points, the LibDems are ahead on the green agenda — and no amount or huffing and puffing by Zack Goldsmith will persuade me otherwise.

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One Response to “Susan Kramer’s Devotion to Duty”

  1. Teek said

    Cable, and now Kramer, make a formidable team on the economic crisis – it really wouldn’t do to lose Susan’s seat to Goldsmith.

    Re: cutting interest rates – cheap lending between banks and to customers may well restore some liquidity and confidence, but, considering cheap credit effectively caused the current implosion, without new safeguards it may not be a very safe long-term bet…?

    nonetheless, it is admirable for an MP to give up their lunch for the cause…!

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