Why doesn’t Osborne admit the link between the jobs miracle and slowing down deficit reduction?
Will George Osborne come ever clean about his successes? I caught up with the Chancellor in Leeds today and asked him about the Treasury’s role in the jobs miracle. I put it to him: isn’t it the case that he has decided to go slower on deficit reduction to support the jobs boom? The figures show that this is exactly what’s happened: the Treasury isn’t getting as much tax in because so much of the increase in employment is in low-paid jobs. [datawrapper chart=”http://static.spectator.co.uk/N7pwS/index.html”] Osborne has decided to cut these workers’ taxes, and even support their income through tax credits. You’d think a compassionate conservative would make a virtue of this and say