sacked

Jim Pickard

We were speculating only yesterday afternoon just how irritating George Osborne must find it to have a so-called “Lib Dem Treasury spokesman” criticising the Treasury and the banks week in, week out. By the evening the answer was spelled out as Lord Oakeshott parted company with the government by apparently mutual consent.

I last spoke to the peer last Friday, when he obligingly furnished a quote for our front page criticising the bonus paid to Bob Diamond, chief executive of Barclays.