What sort of Budget will George Osborne unveil on 20 March? In this week’s Spectator, Fraser Nelson predicts that it will be an empty one, devoid of radicalism. The piece outlines one meeting in which the Chancellor explained why he is feeling so cautious:
Before every Budget, George Osborne always seeks the advice of various MPs. He usually doesn’t heed it but it’s a good way, he thinks, to keep the troops happy. As the economic headwinds have strengthened, this advice has tended to be increasingly radical and in a recent meeting with the Free Enterprise Group of Tory MPs, the Chancellor made clear he was in no mood for it. ‘Look,’ he told them, ‘I tried radicalism in last year’s Budget, and I had blowback for it. So I’d take quite some persuading to do something radical this time.’ The MPs left with the clear impression that he is now preparing what will be, in effect, an empty Budget.
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