In a heated debate on Newsnight last night, Business Secretary, Vince Cable defended the sell-off of his 95 year old grandmother, Florence Cable, saying that he had achieved his primary objective of selling the nonagenarian and reducing costs to taxpayers.
Two other Cabinet members, who have yet to be identified are expected to follow suit in advance of a roll out programme which is expected to be a template for the privatisation of grand-mothers throughout the UK.
In response to the sale the National Audit Office has expressed concern that too much emphasis was put on rushing the sale of Granny Cable, at the expense of value for money.
Shadow business secretary Chuka Umunna said it was "a disastrous geriatric hat-trick".
But Mr Cable insisted he had been "right to take a cautious approach".
“Granny Cable’s share portfolio was dropping in value and with poor returns on her premium bonds it was time for her to be put on the open market.”
The Alzheimer's Society called for Mr Cable to quit over the sale and to apologise to grand-mothers everywhere.
But Mr Cable refused, and said that the sale had raised £50 for the taxpayer, with a further £4.26 found stuffed under Granny Cable’s mattress.
Since the sale, shares in Granny Cable have risen after the discovery of shale gas under her prefab bungalow in Bournemouth.