One of the biggest problems facing the coaltion has been presentational: how to sell the
cuts? In the absence of a coherent, vigourous message, the Balls school of economic
thought has been allowed to grease onto the scene – to the extent that some polls have three-quarters of
respondents rejecting the government’s deficit reduction plan. But now, at last, signs that the coalition is getting into gear. It’s a process which began last week, when Matthew Hancock
– a new Tory MP and former adviser to George Osborne – highlighted falling interest rates in Parliament (column 606,
here); a point he has been pushing around Westminster ever since. And today
Hancock expands on it in an article for the Times (£).

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