Quote of the day

Lord Strathclyde, who leads the Conservatives in the upper chamber, offered further proof yesterday (as if it were needed!) that in a sane world the Prime Minister would always be a hereditary peer:

"We hear that the Chancellor of the Exchequer has been reading up on the history of the great depression. Well, that should cheer the country up. Was not one of the abiding lessons of that time that protectionism was a disastrous factor in exacerbating recession or what is now called contraction?"

Love it loud.

NB: Some of the sentiments expressed in this post should be taken with a pinch of salt, unlike Lord Strathclyde's spirited defence of free trade.