Lord Young is 94.
But seriously, folks... what an unbelieveable storm in a teacup. OK, the use of the phrase "never had it so good" was always going to have been a little incendiary, but what part of this paragraph isn't true...
"For the vast majority of people in the country today they have never had it so
good ever since this recession – this so-called recession – started, because
anybody, most people with a mortgage who were paying a lot of money each month,
suddenly started paying very little each month. That could make three, four,
five, six hundred pounds a month difference, free of tax. That is why the retail
sales have kept very good all the way through."
The fact is, that for the vast majority of people in this country life is more prosperous than it has ever been. But of course, for some it isn't. The mistake Lord Young made was not to then add a paragraph pointing out the hardships being suffered by others. At worst this is political naivety on his part, but the reaction to this has been way, way over the top. Angela Eagle's comments are laughable, but then so is Lord Young's mea culpa. One day a politician will actually stand by their words in this situation and say, you know what, I said it, I meant it and if Number Ten wants to sack me, then here's my phone number.
Guess that's the peerage out of the window then...
UPDATE: The Daily Mash gets it spot on.