Politics

It’s back to the British Museum for public finances anoraks. After George Osborne’s speech here yesterday, the IFS are this morning presenting their Green Budget (that’s green in colour, rather than green in outlook). It’s the mid-session coffee break, so I thought I’d fill CoffeeHousers in on what’s been said so far. The bottom line came more or less immediately, with the IFS director Robert Chote’s introduction. His point was that the next government will have to introduce “more ambitious” fiscal tigthening, going forward to 2015, than that set out in Darling’s PBR. But he added that there shouldn’t really be more spending cuts and tax rises this year. The

I’m in Brussels where the only news is Obama’s cancellation of a trip to Madrid to join an annual EU-US confab.  The FT’s Gideon Rachman explains the anxiety caused by the decision: ‘There is no doubt that the Spanish government, which currently holds the rotating presidency of the EU (You thought it had been abolished? Fooled you!), will treat this as a bitter blow. The Spanish prime minister Jose Luis Zapatero was royally snubbed by George W. Bush and so it was really important to him to underline that he has a great relationship with the sainted Obama. (…) The Spanish are not the only Europeans feeling snubbed by Obama.

So there we have it, straight from the horse’s mouth, and to round off a sentence of tired clichés all that needs to be said is that Clare Short was “conned”. Everyone was in fact: “We were in a bit of a lunatic asylum… I noticed Tony Blair in his evidence to you kept saying, ‘I had to decide, I had to decide.’ And indeed that’s how he behaved. But that is not meant to be our system of government.” The sofa was barred to all except Bush and the Cabinet exercised collective ignorance. Even Brown was left to brood over cups of coffee and macaroons with Clare Short. Short’s

I’m afraid I did not detect a “new economic model” in George Osborne’s speech. He has said he will “eliminate “a large part” of the deficit (ie, the amount that debt goes up by) over the next parliament. In questions, he kept repeating this phrase: “a large part” – and which is woolier than Labour’s plan to halve it. When asked about this he said that he would do more than half it – but gave no indication by how much. It could be a lot, or a negligible amount. We still don’t know. Osborne said he will stick to what was, in my view, the root error of the

Voltaire praised the English for their boldness: “how I like the people who say what they think”. The slow and steady contraction of the polls continues, and Rachel Sylvester is convinced that the Tories must embrace risk and revoke ‘health-and-safety politics’. She writes: ‘Increasingly, his pronouncements seem designed to grab a headline rather than challenge the status quo — it’s bash-a-burglar, prison ships and PC-gone-mad, instead of hug-a-hoody, husky sleighs and general wellbeing. He drips out minor policy announcements on broadband and planning laws, while failing to confront a more important issue and force his biggest donor, Lord Ashcroft, to say whether he pays tax in this country.’ The sudden

Front page of the Independent: “Vote of no confidence in Tory economic policies”.  As headlines go, it’s one of the worst the Tories have had for a while – even if, as Anthony Wells and Mike Smithson point out, it’s kinda misleading.  Truth is, the Indy’s ComRes poll finds that 82 percent of people want “Mr Cameron to be clearer about what he would do on the economy”.  And 24 percent think the Tories would have ended the recession sooner, against 69 percent who don’t.  They’re hardly positive findings for CCHQ, but, by themselves, they don’t quite add up that that two-line scarehead. The main concern for CCHQ is how