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  Courtesy Guardian.............
  
  George Osborne's Plan C: invest all your hopes in a Canadian
  
  The chancellor is gambling that the Bank's new governor Mark Carney will succeed where he has failed
  
  'An accomplished public performer': Mark Carney at a business lunch in Toronto last year. Photograph: Mark Blinch/Reuters
  
  I'm surprised that it has attracted so little attention. It is not every day that a cabinet minister quits. It is usually treated as very
  
  momentous indeed when a chancellor throws in the towel. I am pretty sure it is unprecedented for a chancellor to announce
  
  that he is giving up his responsibilities in his budget speech. It is certainly unique for a chancellor to hand them over to a citizen
  
  of another country. Yet the resignation of George Osborne has been barely covered by my colleagues in the media.
  
  I suppose this is because, in a strictly technical sense, he remains in post. He has hung on to the job title, he carries on
  
  drawing his cabinet salary, he continues to turn up at the Treasury as if he is still the man in command of our economic
  
  destiny, and his officials and colleagues, and journalists, go along with the pretence that he remains in charge. But if the most
  
  important part of a chancellor's job description is to take responsibility for the future of the economy, he has effectively given up
  
  on it.

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