Budget all pain and no gain

When the crisis broke, we all knew in our heart of hearts that the budget would have to be tough, if not very tough. Yet when the government came back, it was clear within hours that it had not carried out any serious political stress-testing on the

8th November, 2008

When the crisis broke, we all knew in our heart of hearts that the budget would have to be tough, if not very tough. Yet when the government came back, it was clear within hours that it had not carried out any serious political stress-testing on the proposals and that, bizarrely, it was not prepared to mount a serious defence of its own budget.

Even the most innumerate dogs in the street would have been...

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