Fraser Nelson Fraser Nelson

Darling has a point

I had expected Alistair Darling to have slumped off to spend more time with his memoirs after the election, but here he is, fists aloft, fighting the government. About the only member of the Labour front bench effectively doing so.

He has a point. The economy is looking better than expected, not worse – as David Cameron has been pretending. Each new forecast for the deficit seems to give a less ghastly picture. British house prices are on the rebound. And when the Office of Budget Responsibility announces its forecasts on Monday, it is likely to give a better picture than that in Darling’s budget. Already Darling is telling the Guardian that he wants “an apology” if this is so. This itself is rather rich: Darling was the Chancellor who doubled national debt and it is he who should be apologising to those of us who will pay it.

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