Aside from all the talk about the Speaker in this morning’s papers, it’s worth reading Alistair Darling’s interview with with the Times. What do we learn? Nothing much – but the adamant defence he puts up for his Budget growth forecasts is quite striking in itself:
“I am not going to change my forecasts,” he said. “I remain confident that we will see a return to growth at the turn of the year.”
The politics of this is fairly interesting. If you remember, the last time Darling concoted some dubious growth statistics – albeit even more dubious ones, in last year’s PBR – he started backtracking quickly enough in the face of public ridicule. Not so this time; which suggests he may actually stick close to these growth forecasts in the PBR later this year. Does the Chancellor genuinely believe them? Or is he creating room for a spending splurge, to be “paid off” by better growth than everyone else expects? Taxpayers – and the Tories – should fear the latter case.
Comments
Join the debate for just $5 for 3 months
Be part of the conversation with other Spectator readers by getting your first three months for $5.
UNLOCK ACCESS Just $5 for 3 monthsAlready a subscriber? Log in