The gods are smiling on George Osborne. On Monday, he wrote an excellent article in the FT, explaining why he opposed the government’s fiscal plans and giving a brief sketch of his alternative vision. It was a short, sharp, shock article that contrasted with the tentative and nebulous announcements that characterised the Tory post-New Year slump.
They were immediate benefits. On Tuesday, the EU Commission broadly supported the Conservative position on reducing public spending, and today a City AM poll indicated that 77 percent of a panel of City experts think that cuts must be made this year. Indeed, many panellists rejected Samuel Brittan’s contention, elucidated in last week’s Spectator, that the markets expect the continuation of current strategy.
Osborne has long been mistrusted in City circles, I think, because he is competent and will end the reckless free for all that Brown propagates.
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