The Daily Telegraph’s verdict: Osborne isn’t working.

The Daily Telegraph is more supportive of the Conservative Party than any British newspaper, which is why its leader today – urging George Osborne to change course – is important. “The coalition’s economic policy is not working” it says, and goes on to urge a rupture with the failing policy. Its central recommendation is that corporation tax drops below Irish levels so Britain offers the lowest company tax in the European Union. Osborne could announce this on his 20 March budget. And he could spend 21 March listening to the sucking sound as companies started relocating to Britain.

“Overnight, this would make the UK the most attractive location in the EU in which to invest and do business, and it would be consistent with the steps the Coalition has already taken to make the country one of the best places in the world to start a new business. Such a significant reduction could be accompanied by the removal of exemptions, subsidies and special deals that businesses currently enjoy.