Politics

Although Philip Hammond’s spending splurge Budget has received broadly positive front pages and a cautious thumbs up from the public, the Chancellor has been given a reality check by the Institute for Fiscal Studies (IFS). After crunching the numbers, IFS director Paul Johnson has concluded that Hammond had ‘gambled’ on the public finances. Johnson said that the Chancellor ought to be ‘thanking his lucky stars’ for his £12billion windfall from a revised public borrowing forecast. With no plan set out for how to fund this level of spending in the future, Johnson concluded that ‘inevitable tax increases’ would have to follow in order ‘to pay for our ageing population’. On

In recent years, George Osborne has attempted to rebrand himself. Once known as the austere chancellor, the Evening Standard editor is keen to be depicted these days as a liberal progressive – who has more in common with Emmanuel Macron than Boris Johnson. The problem is that many of those who regard themselves as progressive don’t feel the same way. As was displayed on Newsnight when Grauniad hack Polly Toynbee launched a broadside on the former chancellor: ‘This man has done such harm and damage to the country. He has been the most right wing chancellor we have ever had. Nor do I think your ideas are in the centre.

Brexiteers are occasionally depicted as being a little paranoid. If you listen to some elite critics of Brexit, you would think that a sizeable chunk of those who voted to Leave are sharing dodgy anti-George Soros memes long into the night. You might think, too, that a few Brexit voters see elite stitch-ups everywhere and never let the truth get in the way of their anti-Brussels prejudices. But if there is a paranoid style in British politics at the moment, it is not being practised by the 17.4million. It’s coming from that small set of elite Remainers in politics and the media who are resorting to desperate measures in their campaign to