Robert Colville of Politico is probably on the button. He argues that in short, rather than hacking back the state with an ax, Osborne is giving it a severe haircut
The headline about ‘Scrooge’ and ‘Santa’ reminds us that leopards don’t change their spots.
International investors around the world will have picked up the reference by the Labour Shadow Chancellor to ‘Mao’s Little Red Book‘. Somebody should tell John McConnell that humor doesn’t travel.
I would not be surprised to see financial
forecasters to start cranking the numbers of the ‘political risk’ of the Labour Party winning the next UK general election.