The very model of a political Chancellor

Autumn Statements lack the drama and traditions of the Budget. Gladstone never delivered one, there is no Autumn Statement box and no possibility of a dram of whisky as the chancellor delivers it. But this year’s Autumn Statement was more important, and more substantial, than next year’s Budget will be: the Liberal Democrats are adamant that March is too close to the general election for the Budget to do anything other than update the fiscal forecasts and set out the duty rates.