Portrait of the week | 3 April 2010

Mr Alistair Darling, the Chancellor of the Exchequer, Mr George Osborne, the shadow Chancellor, and Mr Vince Cable, the Liberal Democrat Treasury spokesman, held a debate on television. Many viewers had hoped one of them would fall off the tightrope, but none did. Mr Cable called Labour efficiency-saving plans a ‘fiction’ and accused the Tories of swallowing the fiction to fund their proposed cut, announced earlier that day, for low and middle earners, of the 1 per cent rise in National Insurance due in 2011. Earlier, on being asked whether he accepted Treasury figures that suggested deeper, tougher cuts than those made by the Thatcher administration, Mr Darling said: ‘They will be deeper and tougher.’ The Institute of Fiscal Studies said that cuts in departments not ‘ring-fenced’ would reach more than 25 per cent by 2014. The Office for National Statistics said the economy grew by 0.4 per cent in the last quarter of 2009, not by 0.3