Monday 19 March 2007

Osborne and Cohen meet at last

Rod Selkerk the Chairman of the British Venture Capital Association had the pleasure last week of having both George Osborne and Sir Ronald Cohen for dinner at Clariges!

Given the mavarick labour attacks on venture capatalists recently his opening remarks are unremarkable plee for help:
"George, we are grateful to you for the support you have expressed for the industry in recent days and look forward to hearing more from you later. In particular we will be interested to hear about your plans to deliver the economic stability on which the financial services industry depends."

However what is more interesting is what Osborne had to say in return. The Telegraph has the cheeky Osborne starting his talk by noting that the room was chockablock with "lying, cheating parasites'', and then, after an agonising pause, added, "but really, it's good you have invited so many MPs''.

My sources tell me however that while looking at Sir Ronald Cohen (a founder member of the BVCA) he went on to talk about labour fundraising and the remarkable proportion that came from within the room! Looks to me like an implicit bargain - Look you want my help - well it comes with a price!

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