THE DAILY TELEGRAPH: Lord Young, peer and enterprise adviser to David Cameron, has resigned after coming under fire for claiming most people have "never had it so good".
The peer reflected on his comments, revealed exclusively in The Daily Telegraph today, and offered his resignation to the Prime Minister.
Mr Cameron accepted his resignation, a spokeswoman said.
Speaking to The Daily Telegraph, Lord Young had said a drop in mortgage rates "since this so-called recession" had left most people better off.
He added "people will wonder what all the fuss was about" when looking back at the Government's spending cuts, the deepest in more than 30 years.
He went on to described the loss of about 100,000 public-sector jobs a year as being within "the margin of error" in the context of the 30 million-strong job market as a whole. >>> Christopher Hope, Whitehall Editor | Friday, November 19, 2010
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