George osborne

When George Osborne paid tribute to the ‘march of the makers’ in his 2011 Budget, few thought the Chancellor was secretly plotting to join the march himself. But as part of his tour of #hardworkingpeople, Osborne hasn’t just been pointing at things, like normal politicians: he’s been making things too. Today he made a cake: But he’s also made bread: And made parts for JCB, working in this picture with a stud gun: In fact, Osborne likes making vehicles. Here he is making part of one at Cartwright vehicle manufacturers: And this time it’s attaching rivets to land speed record car Bloodhound: And here he is tootling around in a

At the beginning of the autumn, strategists from all three parties assumed that the theme of the season would be Labour’s poll lead narrowing as the economic recovery picked up pace. But that hasn’t happened. Instead, Labour’s lead has remained and its own poll numbers have actually ticked up. This is, largely, thanks to Ed Miliband’s reframing of the political debate about the economy, making it about living standards But the autumn statement showed that when the political conversation is focused on the broader economy, the Tories have the better of it. Thursday has weakened Ed Balls, strengthened George Osborne and begun to move the political debate off Labour’s turf

When George Osborne stands up next week to deliver the autumn statement, he’ll have some good news to deliver. Not only is autumn, the dreariest of the British seasons over, but borrowing has come in lower than expected and the OBR will upgrade the growth forecasts. But the return of growth, as I say in the magazine this week, poses a strategic dilemma for Osborne. If he declares the economic emergency over, the public might conclude it was safe to turn back to Labour. But equally he has to show voters that he’s sharing the proceeds of growth. I suspect that Osborne will steer clear of too many sweetners. They’ll

There is still a great deal of heat and rather a little less light over George Osborne’s decision to ‘step in where government needs to step in’ and cap the cost of payday loans. Does this mean he’s actually a lefty? What is he up to? Writing for the Telegraph, David Skelton, founder of the very thoughtful Renewal campaign to broaden the Conservative party’s appeal, argues that this is ‘the right thing to do and it sends a powerful signal that the party will tackle rip-off companies and help the vulnerable’. But Allister Heath argues in his City AM column that this is not the right way to help those

Stella Creasy sees today’s announcement that the government does want to cap the cost of payday loan credit as a recognition that Labour was right to campaign on this issue and that consumers are suffering as a result of the current arrangements. But listen again to George Osborne’s Today interview and you’ll note another recognition: that Ed Miliband and colleagues are enjoying some success when they talk about markets not working for consumers. listen to ‘George Osborne on payday lending: ‘We’re stepping in where government needs to step in’’ on Audioboo

Six and a half years after Gordon Brown finally badgered Tony Blair out of Downing Street, the relationship between these two men still dominates British politics. Why? Because David Cameron and George Osborne, and Ed Miliband and Ed Balls are, in their different ways, doing what they can to prevent history repeating itself. Their relationships are both informed by the Blair-Brown breakdown. Cameron and Osborne have quite deliberately structured their working lives to avoid replicating the tensions within New Labour. The pair shared a set of offices in opposition with their aides sitting in the same room. This was meant to prevent the emergence of two separate, competing power centres.

The national debt figures are out – £1.2 trillion and rising – and although I hate to say it, the Labour Party has a valid point to make. If you don’t adjust for inflation, Osborne has borrowed more in under four years than the Labour Party borrowed over 13 years. It’s unusual for Ed Balls to talk about debt accumulation as a bad thing, perhaps because his policy remains the accumulation of even more debt. But here’s the story so far:- Labour is, as ever, spinning too much. As they know, you need to adjust for inflation to make any meaningful comparison in public spending. But the overall point holds.

It’s tempting to see Nick Clegg as a champion of lower taxes. He’s nudged the tax threshold up over this parliament and in a letter sent out to Liberal Democrat members  (while David Cameron is out of the country) he suggests the state should only start to confiscate earnings from people when they hit £10,500 a year, higher than his current target of £10,000, from April 2015. He has this to say: Think of it as a workers’ bonus. The British people have lived with austerity for three years. Your sacrifices are making it possible for us to fix the economy*. This is your recovery and you deserve to feel