George osborne

Fresh polling (£) from The Times and YouGov today says that the Tories still have much work to do to convince voters that they will directly benefit from an improving national economy. The good news for the Conservatives is that confidence in the economy is up. Nearly a third of those polled think that they will be ‘satisfied’ with the economy this time next year. This is a eleven-point jump from the last time the question was asked in June — and a steady trend upwards over the last year: But only 16 per cent think that their personal finances will get better over the next 12 months. On pay,

Shale has been back on the front pages this week, with exploratory drilling at Balcombe in West Sussex and Lord Howell offending sensibilities north of the Watford Gap. The leading column in this week’s issue of the Spectator makes this point: ‘Lord Howell’s comments add grist to the arguments of those who complain that the government only supports fracking when it is well outside Conservative constituencies. This is an impression which the government needs to correct very quickly by supporting the case for fracking in Sussex — where this week celebrity protestors have joined locals to oppose an exploratory test bore for oil and gas (not yet involving fracking) —

In the last few months, the Tories have–quite deliberately—behaved like an aggressive opposition. They’ve sought to constantly attack Labour, trying to force them onto the back foot. Even with David Cameron and George Osborne away on holiday, the Tories are determined to keep doing this. On Wednesday, Grant Shapps will launch the Tories’ summer offensive against Labour. He, in the kind of language more commonly used to promote summer horror films than a political agenda, will invite voters ‘to imagine a world where Ed Balls and Ed Miliband end up back in Downing Street.’ This is all part of the Tories’ efforts to link Miliband to Gordon Brown and memories

Hooray for George Osborne! I never imagined I’d ever write those words, but George has done his country a great service. He’s put £60 million behind one of the most inspiring British inventions of our age: Skylon, a space plane with a revolutionary new engine. When Skylon’s up and running, it’ll be able to transport satellites – well, anything — into orbit for a 20th of the current price, and go at a scorching 3,500 mph. It’ll be the envy of the world – which sounds like hyperbole, but isn’t. The Spectator championed Skylon four years ago, pointing out that the world is on the brink of a new space race,

The Spending Review was a political device that the chancellor clearly hoped would get him through to the end of this parliament. But if the spin doesn’t match the realities of life, I don’t think the public will buy it. A big risk for both governing parties is that high increases in the cost of living define the next election. The Liberal Democrats cling to their £10k personal tax allowance as the policy that will get them through the general election in 2015, and the dry-run coming in next year’s local elections. 10k’s a natty round number that’s easy to remember, and I would be the first to admit that

The Labour party used to joke that the Tories would act as their cleaners: win, take the political pain, abolish the deficit by 2015 and then hand over a balanced budget when they lost the election. George Osborne has, at the very least, put paid to that. His Spending Review this week made it clear how painfully little progress is being made. Whoever wins the next election could close every school, open every prison, cede Northern Ireland, close every embassy and sack every soldier, sailor and airman — and it would still not be enough to put the government back in the black. Britain is a terrifyingly long way from fiscal sanity.

Boris Johnson’s powers of persuasion have once again wooed George Osborne. In today’s spending review, the Chancellor has put aside £2 million to investigate Crossrail 2 — a new underground line for London. The fact the Mayor was able to bag another win from Osborne — Crossrail 1 was protected from funding cuts in 2010 — is testament to the political power of both the Mayor and the capital. Boris doesn’t even have re-election to think about this time. Crossrail 2 is key to Boris’ London legacy. His grand 2020 vision is peppered with references to the new line, which he claims is vital to London’s future and work could even begin

Strangely, both sides at Treasury questions today wanted to talk about something that does their own party no favours at all to mention. The Labour whips had sent their loyal backbenchers out in force to ask about Friday’s borrowing figures, while George Osborne and Conservative colleagues were very happy indeed to talk about how much the Opposition would have to borrow, too. Labour wanted to tell off the government for borrowing more. The government wanted to remind Labour that it would borrow even more. When it comes to performing elaborate and quite painful-looking contortions, Ed Balls is a master, but even he must realise that telling off another party for borrowing