Budgets are overhyped. Half serious policy announcement, half political theatre. Truth is, almost everything that matters in the government’s fiscal policy was set out in June 2010. Back then, George Osborne announced the pace of the fiscal tightening which would dominate the next five or seven years. The events of today have, very largely, simply […]

Must be nice being Swervyn Mervyn. Nice to be so secure in your job that you can reject any idea of checks and balances on your all-but-supreme power. Nice that ex-Chancellors of the Exchequer view you as some Sun King beyond any check. Nice to have a £400,000 salary and plenty of time to enjoy […]