George osborne

Thursday

Sarah Wollaston

Why George Osborne’s sugar tax isn’t a ‘pious, regressive absurdity’

George Osborne’s announcement in the Budget that he wants to help fight childhood obesity through a tax on sugary drinks has provoked the usual grumbles. But this is not a ‘pious, regressive absurdity’, as some claim. It is practical action that will help to tackle an avoidable health disaster for the nation’s children, a quarter of whom from the most disadvantaged families are leaving primary school not just overweight but obese. This is double the rate for the most advantaged children and the inequality gap is rising every year. If that had no consequences for them, there would be no case for action, but obesity blights their future health and life chances.

Steerpike Steerpike

Watch: Chris Bryant takes a pop at Osborne’s sugar tax with coke gag

Today Chris Bryant has been the cause of much laughter in the Commons thanks to a joke about George Osborne and Coke. Discussing the Chancellor’s new sugar tax, Bryant said that he was glad Osborne had come round to the dangers of coke: ‘I’m delighted that finally the chancellor has realised the dangers of coke.’ Bryant appeared to be referencing claims — which Osborne denies — surrounding his alleged friendship in the nineties with Natalie Rowe, the former dominatrix. Happily Rowe seemed amused by the joke: The Coke Jibes are just NEVER going to go away Chuck, 😂 @George_Osborne — Natalie Rowe (@RealNatalieRowe) March 17, 2016 Still, not everyone appears to

Isabel Hardman Isabel Hardman

How does George Osborne get away with missing his targets?

How does George Osborne get away with it? The Chancellor was asked this on the Today programme this morning, with John Humphrys needling him on the economic targets on debt and deficit that he set himself and asking whether if he could miss two out of three of those targets and potentially be on course to miss a third, ‘what’s a bloke got to do in your job to get the sack?’ Osborne repeatedly argued that there was more to do, saying ‘by our own measurements and the tests we have set ourselves.. we have got more to do’. The picture he painted was of the government making progress towards

Steerpike Steerpike

Did The Times get cold feet about the ‘desperate chancellor’?

Yesterday George Osborne found himself accused of using spin to distract attention from his missed financial targets — with the introduction of the sugar tax. Matters weren’t helped when the Chancellor’s former chief of staff Rupert Harrison appeared to admit — in a BBC interview — that the tax was introduced in the hope that it would distract from other potentially more negative Budget headlines. So, how deep does Osborne’s spin operation go? Mr S only asks after spying a curious change of phrase in today’s Times. At 5.23pm yesterday, a comment piece by Philip Aldrick — the paper’s economic editor — was previewed online. It ran with the headline ‘Comment: the budget of

Isabel Hardman Isabel Hardman

Budget 2016: Osborne gets the front pages he wanted

Normally, a set of newspaper splashes featuring a Chancellor’s most controversial Budget policy would be judged a bad thing. But today’s newspaper front pages are, by and large, just what George Osborne wanted. The sugar tax is just too irresistible to headline writers – and too controversial a policy not to grab attention and provoke endless debate. It is also much better a policy to grab attention and provoke endless debate than the awkward economic figures that the newspapers could have splashed on. Even front pages like the one published this morning by the Sun that criticise the sugar tax are better than ones criticising a £55bn black hole in the public

Fraser Nelson Fraser Nelson

If Wiltshire Tories regard George Osborne as a socialist, he has a problem

BBC Newsnight sent a crew to North Wiltshire today, to interview voters about the budget. Gladys Pek Yue Macrae, a former Conservative Party branch chairman, said she is fed up because she expected Tory policies to be the result of a Tory majority. Instead, she said, “I find I have a socialist Chancellor. Conservatives are for small government and each individual being responsible for their own destiny. Why do we have a sugar tax? If people should not be eating sugar, then they should not eat sugar.” As her husband, Alan Macrae, put put it: “Surely Conservatism is all about freedom of choice? It’s not about the government telling you what you should

James Forsyth James Forsyth

Budget brings the focus back to Britain

[audioplayer src=”http://rss.acast.com/viewfrom22/thespectatorpodcast-politicalcorrectness-budget2016andraves/media.mp3″ title=”The Spectator Podcast: Osborne’s Budget” startat=594] Listen [/audioplayer]George Osborne used to tell his aides to prepare every budget as if it were their last: to throw in all of their best and boldest ideas. But this week, the Chancellor has opted for political as well as fiscal retrenchment. This was a cautious budget. Its emphasis on infrastructure was as laudable as it was uncontroversial. There were few hostages to parliamentary fortune, which is sensible given the Tories’ small majority and the way in which the EU referendum is challenging party discipline. British government is on hold. Ever since Cameron struck his EU deal he has done little else

Martin Vander Weyer Martin Vander Weyer

Why Osborne’s Budget bolsters the case for leaving Europe

Give thanks for George Osborne — and I don’t say that because I happen to be writing this column on a slow train from Leeds to Manchester, a line that this Chancellor has just promised, for the umpteenth time, to upgrade. I say it because whatever flaws and gimmicks may have leapt out of Wednesday’s budget, however the actualities have drifted away from the forecasts, at least we have a finance minister who is on the front foot. Boost growth; balance the books; keep the state lean; devolve to the regions; nurture self-reliance and entrepreneurship; stay in Europe; succeed Cameron; win the next election. That’s the agenda. You may not

Wednesday

Eleni Courea

Osborne’s new sugar tax is a tax on the poor

The fat man of Europe is getting fatter. His teeth are rotting from the sugar in his coke and chocolates. He feeds his children bread and pasta instead of quinoa and couscous. It is time to tax the fat man – he must learn to stop eating sugar. And today, George Osborne has acted. In his Budget, he noted with disgust that some boys eat their own body weight in sugar. He has introduced a tax on sugary drinks – to the applause of the Labour Party, Liberal Democrats and (doubtless) Jamie Oliver who pioneered this snobbish idea in his restaurants. This can be expected to be the first of many. The path

Lloyd Evans Lloyd Evans

Budget Sketch: George Osborne finally dropped the conservative pretence

[audioplayer src=”http://rss.acast.com/spectatorpolitics/georgeosbornesbudget-2016/media.mp3″ title=”Fraser Nelson, Isabel Hardman and James Forsyth discuss the Budget”] Listen [/audioplayer]If George Osborne was ever a conservative he dropped the pretence today. The chancellor sounded risibly pompous as he declared his plan to impose a slimming regime on Britain’s heaving population of wobble-bottoms. A levy on fizzy pop will arrive in 2018. Even before he’d explained the rationale behind his Weightwatcher’s initiative he’d sabotaged it by exempting ‘milk-based drinks’. But a tax on pop already carries innumerable loop-holes in the form of doughnuts, choccie bicccies, Jammy Dodgers and cream puffs. The intellectual basis of this self-congratulatory exercise is the assumption that Britain’s much-maligned chubsters are a) too

James Forsyth James Forsyth

Budget 2016: George Osborne played a difficult hand well

[audioplayer src=”http://rss.acast.com/spectatorpolitics/georgeosbornesbudget-2016/media.mp3″ title=”Fraser Nelson, Isabel Hardman and James Forsyth discuss today’s Budget”] Listen [/audioplayer]George Osborne played a difficult hand well in this Budget. Hemmed in by the worsening fiscal forecasts and the political limitations that the EU Referendum imposes on the government, he delivered a Budget that included some clever politics even if it won’t live long in the memory. The biggest story of the day is the OBR’s view that the productive potential of the UK economy is significantly lower than it previously thought. If that judgement is correct, it will have serious, long term implications for the country and the public finances. But Osborne’s sugar levy on fizzy

Isabel Hardman Isabel Hardman

George Osborne’s cautious, strikingly moral Budget

[audioplayer src=”http://rss.acast.com/spectatorpolitics/georgeosbornesbudget-2016/media.mp3″ title=”Fraser Nelson, Isabel Hardman and James Forsyth discuss today’s Budget”] Listen [/audioplayer]There were two striking things about George Osborne’s Budget today. The first was that having made sure that the weekend papers carried reports of all the pain that he was going to have to inflict on the nation to help it weather the economic storm that is coming, the Chancellor then barely mentioned what that pain would entail. He built up the start of his speech by lecturing the Commons on the necessity of the pain, warning that ‘we have a choice: we can choose to add to the risk and uncertainty, or we can be a

Steerpike Steerpike

Watch: George Osborne’s former chief of staff drops the Chancellor in it over sugar tax stunt

Of all the pledges in George Osborne’s budget announcement today, the most surprising appeared to be that of the sugar tax. As the tax was unexpected — given that it has been heavily disputed in the past — it will likely get top billing in the Budget coverage in tomorrow’s papers. So, could there be more than meets the eye to the announcement? Given that there was plenty of bad economic news in the Budget — with growth down and extra cuts announced — the sugar tax conveniently distracts from some of the more negative news. While Mr S can’t claim to be one of Osborne’s closest confidantes, happily one such man appeared on the BBC

The Spectator

George Osborne’s 2016 Budget: full audio and text

Mr Deputy Speaker, Today I report on an economy set to grow faster than any other major advanced economy in the world. I report on a labour market delivering the highest employment in our history. And I report on a deficit down by two thirds, falling each year and – I can confirm today – on course for a budget surplus. The British economy is stronger because we confronted our country’s problems and took the difficult decisions. The British economy is growing because we didn’t seek short term fixes but pursued a long term economic plan. The British economy is resilient because whatever the challenge, however strong the headwinds, we have held to the course

Steerpike Steerpike

Watch: George Osborne promises to ‘abolish’ the Liberal Democrats

Of course no Budget announcement would be complete without some customary ‘banter’ from the Chancellor of the Exchequer. With George Osborne’s leadership chances seen to be dwindling, he did his best to show that he had got his ‘mojo’ back. Clearly free of any guilty feelings over how things turned out for the Liberal Democrats in the General Election, Osborne couldn’t resist a taking a pop at the beleaguered party as he discussed his plan for pensions: ‘For the past year, we’ve consulted widely on whether we should make compulsory changes to the pension system but it was clear there was no consensus. Indeed the former pensions minister, the Liberal Democrat Steve Webb said

Isabel Hardman Isabel Hardman

What to expect from today’s Budget

The art of delivering a good Budget – in a political sense at least – is to give everyone the impression that while you’ve had to do some really difficult things, you’ve miraculously managed to find some nice things to do too that will distract people for at least one round of newspaper front pages. George Osborne did manage that for his summer Budget after the election – only for the row about cuts to tax credits to blow up later. So we might expect a range of measures that generally make for good headlines, such as: Raising the threshold for higher-rate tax payers to help the 1.6 million people

The Spectator

Budget 2016 – the key announcements

[audioplayer src=”http://rss.acast.com/spectatorpolitics/georgeosbornesbudget-2016/media.mp3″ title=”Fraser Nelson, Isabel Hardman and James Forsyth discuss today’s Budget”] Listen [/audioplayer] Sugar tax on drinks with over 8pc sugar from 2018. A tax on the poor. Chunky growth downgrades. This year, GDP to grow at 2.0pc (down from 2.4pc) next years at  2.2pc (down from 2.5pc) and at 2.1pc (down from 2.4pc) in 2018/19. Debt target published just six months ago has been missed already because debt/GDP ratio is still rising. Corporation tax to be cut to 17pc by 2020, an improvement on previous 18 per cent target. About the only bit of good news. A mighty £1.4 billion cut from disability benefits Usually a political lightning rod. Under-40s to be allowed to open lifetime ISAs, with government contributing.

Isabel Hardman Isabel Hardman

Budget 2016: Osborne the weatherman to warn of storm clouds over the economy

A year ago, George Osborne was giving voters a glimpse of the sunny uplands that they could expect from life under a Tory government. At the time, few believed that there would be a Tory majority after the election, but here we are at the 2016 Budget with the Chancellor still in weatherman mode, but now warning that the ‘storm clouds are gathering again’ over the economy. Osborne will say today that ‘in this Budget we choose the long term’ and that this government will ‘put the next generation first’. The Chancellor would have had to change his weather metaphors in post-election economic statements anyway, because every Budget right before

Helen Nugent

What will be in the 2016 Budget?

Fresh austerity measures, changes to income tax and the scrapping of a radical overhaul to the pensions system have dominated the headlines ahead of the 2016 Budget. But what money measures does the Chancellor have in store today? Here’s what to expect. Income tax One of the Conservatives’ pre-election pledges was an increase in the threshold for the higher rate of income tax towards £50,000 by the end of the parliament, and a rise in the tax-free personal allowance to £12,500. Despite stringent criticism over the funding for these measures (including cutting support for the disabled), George Osborne could raise both faster than anticipated. Fuel Duty Ah, this old chestnut. Unsurprisingly, motorists are vehemently opposed to

Tuesday

Tom Mludzinski

Osborne suffers from being the Microsoft to Cameron’s Apple

George Osborne’s battle to become Conservative leader may well be tougher than the battle he faces from the Labour opposition. The Chancellor delivers his eighth Budget tomorrow with only 31 percent of Britons believing he has done a good job as Chancellor. The backdrop for his set-piece speech is perhaps more troubling: only 26 percent say their personal finances are better off than last year and 31 percent think the economy has improved. And yet, despite this, Osborne and Cameron have a 15 point lead over Labour’s team on economic trust. While Osborne has received many plaudits for moving to the political centre ground after May last year, he has seen only