Tag Archives: key marginal seats

“The sun is starting to shine and we’re fixing the roof,” said a svelte-looking George Osborne. While last week’s budget involved a touch of fiscal loosening, and some predictably ridiculous statistical sleight of hand five years hence, the most important aspect of the Chancellor’s final Commons outing before the election was that he didn’t open the sluice gates and let public spending rip.

Yes, I know the pace of fiscal consolidation in the next Parliament, on these budget-day plans, is to be a bit slower, with a surplus of £7bn expected in 2019-20 rather than the £23bn outlined in the Autumn Statement. As such, the Tories will now apparently miss, just, reducing government spending as a share of GDP “to its lowest level since the 1930s”.

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