Simplify taxes, shift the burden, reward marriage: this is Osbornomics

Even when she slips into a room half an hour late, The Lady can still inspire a standing ovation. ‘Can I welcome Baroness Thatcher who has just joined us,’ said Lord Lamont halfway through the Keith Joseph memorial lecture last Tuesday. He had just started explaining that Sir Keith would have accepted today’s Conservative slogan of ‘stability before tax cuts’, because he agreed with the principle of balanced budgets and ‘sound money’.