“The campaign the Tories are fighting — simplistic, repetitive, dull, muscular, negative — is all Crosby and so was yesterday’s budget. The Office for Budget Responsibility, an independent watchdog, said the measures will have no ‘material impact on the economy’. It was a political statement designed to persuade people that the economy was broken and is now fixed, or at least nearly fixed. It offered no solution to the housing crisis. No answer to Britain’s productivity weaknesses. No explanation of how the still historically large deficit will eventually be closed.” – Tim Montgomerie, The Times (£)
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