He’s sat down already! So much for the spin that he would speak for an hour. He barely had enough for half an hour and eked that out to 50 minutes. A raft of minor predictable and predicted measures … the only real story is borrowing, with the government now wading in an endless sea of red ink. We need to get stuck into the budget red book to find out how really bad it is. The TV pundits don’t seem to have grasped this yet.

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