Undermining the deceit

The central deceit behind Budget 2009 – Alistair Darling’s trampoline recovery theory – is steadily crumbling. CoffeeHousers will remember the scam. He pretends that Britain will, from April 2011, enjoy three years of turbo-charged growth averaging 3.5 per cent a year, hence justifying his pre-election splurge. It was, in my view, an extraordinary moment – where the Treasury didn’t even pretend to be operating within the parameters of the possible.