George Osborne is a radical politician. The chancellor’s new plan to legislate fiscal surpluses is an attempt to return Britain to Victorian values. He has even revived the Victorian Commissioners for the Reduction of the National Debt (a body that last met in 1860). This is an extension of the platform to which the government ascribes its recent electoral victory: the crisis was due to Labour’s fiscal profligacy when it was in office. The opposition cannot be trusted unless it admits its guilt and promises to follow Mr Osborne’s guidelines. Social democracy would be neutered, forever.
Read Full Article »
