Wooing the grumpy middle

Wooing the grumpy middle

The budget offered concrete evidence that austerity is no longer the central fact of policy making

‘A political budget!” screamed opponents and commentators. As if the single biggest expression of political choice a government makes in the course of the year could be anything otherwise. All budgets are political: they are the judgments of politics applied to the realities of economics.

Sometimes the economics afford more leeway to the politics. This was one of those occasions.

It was a budget aimed squarely at the grumpy middle.

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