Barely a flicker of growth, but Osborne mustfollow his instincts and stick to his guns
Cut taxes now, or pile more taxes on to the bankers? Cut spending even faster to compensate for flagging tax revenues, or slow the cuts to ease the dole queues and boost confidence among consumers
who still have public-sector jobs? Ban royal weddings, or at least the ones that cause the nation to stop work for a week and a half? Print more money, or tell Vince Cable to sod off and stop
rocking the boat?
George Osborne has a rich menu of choices as to how to respond...

Disagree with half of it, enjoy reading all of it
TRY 3 MONTHS FOR $5
Our magazine articles are for subscribers only. Start your 3-month trial today for just $5 and subscribe to more than one view
Already a subscriber? Log in
Comments
Join the debate for just £1 a month
Be part of the conversation with other Spectator readers by getting your first three months for £3.
UNLOCK ACCESS Just £1 a monthAlready a subscriber? Log in