George osborne

Olli Rehn, the European Commissioner who is in charge of economic affairs, called in the Brussels press corps this afternoon to announce the conclusion of his ‘in-depth review of the macroeconomic imbalances in 13 member states.’ I sat through the launch, and the questions and answers, noting that at no time did Rehn or any of the reporters approach the fundamental question: what exactly is a macroeconomic imbalance and why do we think that Rehn – whose full title includes European Commissioner for the Euro – is the man anyone would trust with analysis of anything macroeconomic? And before you ask, the reason I didn’t ask is that I ration

In his Mail on Sunday column today, James Forsyth gives a fascinating insight into what both main parties are thinking as we move from welfare wars into local election campaign mode. His piece is, as usual, full of gems – but one in particular caught my eye. Several of those closest to [Ed Miliband] tried to persuade him to use the term ‘benefit cheat’ in a speech soon after he became leader. They believed that Miliband, the son of an academic, needed to speak in the way that voters do. But Miliband refused. He’s determined not to take the tactical approach to the issue beloved by the triangulators of New

Several Labour MPs have expressed their disapproval of George Osborne’s comments about the taxpayer funding Mick Philpott’s lifestyle. For example, Andy McDonald, MP for Middlesbrough, said that welfare is a ‘completely separate discussion, it should not be had in the context of the most appalling crime of a father killing his six children. It just demonstrates how out of touch George Osborne is. He may as well make adverse comments about the entire population of a town or a religion, it’s absolute nonsense.’ The obvious problem with this is that Osborne acknowledged that they were separate issues. He said that the Philpotts’ crimes were their own responsibility, but their lifestyle, as

George Osborne’s speech is below. As you will see, it is a bold defence of the government’s policies on tax and welfare, including the 50p rate cut. There was a clear moral tone to Osborne’s words, which may go some way to challenging the notion that he is an insubstantial political figure. It was, he implied, wrong to delay deficit reduction, wrong to penalise work, wrong to condemn people to poverty. There was bald politics too as he sought the votes of ‘hard-working families’. He attacked the ‘vested interests’ which were on the wrong side of the debate, goading them to carry on complaining and alienate themselves. This simple strategy has already

Today’s Sunday Telegraph front page has sparked off a flutter of speculation about whether George Osborne might be moved as Chancellor. I suspect that the short answer to this question is no. Osborne and Cameron are inextricably linked and to move him would be akin to the Prime Minister declaring that both his political and economic strategies have been wrong. He would not long survive such an admission. I also sense that Osborne’s stock in the parliamentary party is recovering from the battering it took with last year’s Budget. The fact that this year’s Budget was doorstep-ready, has survived the Labour and media onslaught and gone down relatively well with

If this was a Budget for Sun readers, then it hasn’t quite worked out as well as George Osborne might have hoped. The newspaper sounded pretty cheery this morning with its story about the beer duty escalator. But here’s the front page for tomorrow’s edition: Now, this is clearly as much about Leveson and the newspaper’s industry disgust that it wasn’t consulted when the lobbying group Hacked Off was invited to the late night negotiations as it is about the measures announced today. But there’s also the point that Fraser makes tirelessly on this blog that politicians like to be lazy at best when it comes to talking about debt