George osborne

George Osborne and Jeremy Corbyn have now both followed in the Prime Minister’s footsteps by publishing details of their tax returns. As James Forsyth said on our Spectator podcast earlier today, it was just a matter of time before the Chancellor and Labour leader bowed down to pressure. But what do the two documents actually tell us? The simple answer is that Osborne and Corbyn’s tax returns make for even less interesting reading than David Cameron’s. Properly speaking, Osborne’s isn’t even a tax return at all but rather a summary of the main bits. It shows his earnings as Chancellor; it also appears to show that he isn’t putting any

Downing Street has spent the past 24 hours trying to clarify David Cameron’s links to an offshore fund set up by his late father, which never paid tax in Britain. Initially, Downing Street said this was a ‘private matter’, Cameron was then asked about the matter, and said ‘I own no shares, no offshore trusts, no offshore funds, nothing like that. And, so that, I think, is a very clear description.’ Then Downing Street issued a statement saying ‘to be clear, the Prime Minister, his wife and their children do not benefit from any offshore funds’. And today Number 10 had to clarify further: ‘There are no offshore funds/trusts which

It was unfashionable of me to write in praise of George Osborne on Budget day. I did so, you may recall, because ‘at least we have a finance minister who’s always on the front foot’: I wanted to make a contrast between our Chancellor’s relentless activism in pursuit of his political goals, and the supine performance of eurozone leaders — who continue failing to offer any strokes at all while hoping for Mario Draghi to knock up a few runs with monetary trick-shots from the other end. Within 48 hours, however, our Chancellor seemed to be very much on the back foot, one hand clutching his protective box, as bouncers

Why have David Cameron and George Osborne overreached? Why are so many in their own party no longer disposed to obey them? Obviously the great issue of Europe has something to do with it. But there is another factor. Victory at the last election, followed by the choice of Jeremy Corbyn as Labour leader, has convinced too many Tories, including Mr Osborne himself, that they will be in power for ten more years at least. So they get careless and cocky. Then they make mistakes. Then they come up against the most admirable fact about parliamentary democracy, which is that you can never guarantee being in power for ten years.

George Osborne turned up in the Commons chamber with a clear plan to get through this Budget debate: turn it into a partisan slug fest. His aim was to make it a straight Labour/Tory fight and by doing that, rally the Tory benches to him. With some help from the whips and the PPSs, he largely succeeded in doing that. Crucially for him, he got through the speech without incurring any further damage. As soon as Osborne began talking about the Budget, Labour started trying to intervene on him. Chris Leslie was first up, demanding an apology for the proposed PIP cuts. Osborne, in a response that set the tone

With George Osborne’s disastrous Budget the main topic of conversation today in the Chamber, Jeremy Corbyn surprised his colleagues by opting not to mention the Tories’ current inner-party turmoil — let alone Iain Duncan Smith’s resignation — in his speech. Instead it fell on his estranged comrades Yvette Cooper and Liz Kendall to land some blows. Happily Dennis Skinner also joined in — offering up one of his trademark one-liners. He asked David Cameron whether he would pledge to make this Budget Osborne’s last: ‘Will the Prime Minister give us an assurance that in the view of the financial mess that’s been created with this Budget that this will be the Chancellor

Imagine how different politics would be now if George Osborne had moved to the Foreign Office after the election. He would have left the Treasury with his economic and political strategy vindicated by the election result and wouldn’t be involved in this deeply damaging row with Iain Duncan Smith. For Osborne to have a former leader, and one of the most respected figures among the party activists, attacking his whole approach to deficit reduction and his conception of fairness is politically disastrous, to put it mildly. The problem for Osborne is that with no fiscal wriggle room and his opponents on the Tory benches determined to cause him trouble at every