Politics

George Osborne’s Budget — his plan to deliver us from “rescue to recovery,” apparently — is less than a week away, and the wildfire of speculation is taking hold. Perhaps the most intriguing titbit in today’s papers is one that also appeared in the Express last Saturday: that Osborne is considering merging income tax and national insurance. This is a measure that the Office for Tax Simplification recommended in a report last week, suggesting that it would ease the administrative burden on small businesses. Yet that simply echoes a viewpoint that stretches back decades. This IFS report, for instance, quotes an article published by the British Tax Review during the

Last November, the OECD forecast — as it does — that the UK economy would grow by 1.7 per cent in 2011. Today, it has downgraded that figure to 1.5 per cent. I wonder, does this matter? Sure, it’s not an encouraging sign. And Ed Balls will be slathering at the thought of the OBR doing likewise next week. He has barely been able to contain his excitement already. Yet it’s worth pointing out two things. First, that the OECD is just one forecaster among many. The Treasury monitors no less than 39 independent organisations, and collects their forecasts on a monthly basis. Here’s what the picture looks like today:

The mood in Dublin is febrile, despite the gloom of 14 percent unemployment. Everyone has advice for Enda Kenny on how to revive the Celtic Tiger. This morning, 17 prominent businessmen and public figures submitted A Blueprint for Ireland’s Recovery to the Department of the Taoiseach. The Irish Times reports that the authors propose deeper spending cuts and greater efficiency in the public sector. This is a different approach from influential Irish Economist Colm McCarthy, who argued on Sunday that ‘fiscal stringency is not enough to resolve the crisis’ because the banking restructure (contained within the IMF/EU bailout) is ‘impractical’. Enda Kenny, it seems, agrees with McCarthy, which is why

David Cameron’s statement on Libya today reflected his growing frustration at the pace at which the wheels of diplomacy are moving on this issue. In his statement, Cameron warned that ‘time is of essence’ and that Gaddafi staying in power, something Cameron had previously called ‘unthinkable’, would send a ‘dreadful signal’. Time, really, is of the essence. If we don’t see movement in the next few days, it seems almost inevitable that Gaddafi will crush the revolt. One of the things that Cameron stressed is that Gaddafi continuing in power would be more than a moral and humanitarian disaster. As he warned, ‘a pariah state on Europe’s southern border’ would

The Liberal Democrats are still traumatised by what happened over tuition fees. Nearly every fringe meeting contained a long discussion of the issue and how the party could have handled it better. Clegg’s plan to heal the wound is to show that the new system will go hand in hand with a broadening of access to the best universities. The deputy prime minister seems to be straining for a fight on this issue. In his speech, he laid into those at Oxbridge ‘who shrug their shoulders and say: That’s just the way things are’ about how dominated these institutions are by the children of the well-off. He demanded, ‘fair access