Curtains for Clegg?
When a Lib Dem as fearless and well connected as Lord Oakeshott warns it will be "Curtains for the Coalition" if the big banks are let off the hook again (see our fascinating interview here) then you can be sure that the PM and Chancellor will be reading every word closely.
But is the curtain falling for Nick Clegg? Just read his utterly riveting reply to my question whether Nick Clegg will still be leader at the next election and beyond.
"What matters for Liberal Democrats and our future as an independent party is that we fight the next election as a completely independent party, at least equidistant between the Conservatives and Labour."
He then pointed out that 38 of 57 seats were won against the Tories, with Labour tactical votes. "The only way we can retain those seats is by persuading those voters it is still worth supporting us. That is the real strategic imperative and we have not long to do it.
"How do we get from here to a credibly independent Liberal Democrat Party in 2015? I think it will be difficult to persuade people we are a completely independent force if, on the eve of the poll, Liberal Democrat ministers are still having to defend what many would see as Tory policies."
Interpret this as you will but several points are obvious. He did not say, "Of course Nick will be leader!". He did say that the party needs to dramatically change people's perceptions in a short space of time. He suggested the Coalition will end before the election, leaving Britain with a short period of minority Conservative rule with the Lib Dems crossing the floor to the Opposition benches. In such a situation, appointing a new leader might be logical.
And just who might that be? Lord O is not saying, but read his mischievous response when I asked if he thinks his old pal Vince Cable will retire at the 2015 election. "I've never seen him more full of beans. I'm sure Vince's best years are yet to come."
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