The chancellor is being widely praised for a budget that is far from compassionate, nor truly, traditionally, ConservativeWhen the Greeks are undergoing the worst economic hardship to affect any industrial nation for decades, it is characteristically tasteless of Chancellor George Osborne to go on about how, thanks to his “long-term plan”, we in Britain have been spared the fate of that unfortunate country.He was at it again on budget day. The truth is that Britain has been in no way threatened in the way Greece was in 2010. As shadow chancellor, Osborne opposed the recapitalisation of the banking system and the fiscal stimulus that “saved the world”. Luckily, the government at that time was in the hands of a man who, I am told, the present chancellor secretly admires, namely Gordon Brown.One recalls the time Mrs Thatcher said economics was 'the method' but the object was 'to change the heart and soul' Continue reading...
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