James Forsyth James Forsyth

Osborne’s mission: erase every trace of Brown

Tax credits are in the crosshairs as the Chancellor unravels his predecessor's client state

To understand George Osborne, it is important to realise that he cut his political teeth at the height of the New Labour ascendancy. He remembers the humiliations that were visited on his party as Tony Blair carried all before him. But there is one moment from that period that Tories can look back on with satisfaction: their opposition to Britain joining the European single currency.

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