Good for Matthew Oakeshott

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Lord Oakeshott has resigned as a Lib Dem Treasury spokesperson for saying the Treasury is a mixture of arrogance and incompetence, unable to negotiate its way out of a paper bag.

Someone had to say it.

I've met Matthew Oakeshott several times. I always wondered how he managed to toe the ConDem line. Now I know the answer, He found it hard.

And he said and did the right thing.

Good for him.

Project Merlin is an appalling caving in by this government to bankers. Maybe others might have the courage to say so. But not Danny Alexander. Has there ever been anyone less convincing in government?

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