The word ‘Budget’ was not mentioned. Let alone ‘emergency’. Older readers might want to think of it as a pre-Budget report but without the heavy-handed marketing on the cover. That said the Statement did the Budget job of providing a fiscal framework and signalling to the markets that give or take a recession and 11% inflation all is well or at least will be in time.
Yes our new chancellor was very clear that he had three objectives to meet. The first was a return to stability and away from unfunded tax cuts which he likened to unfunded spending. The second was to return if not to growth itself then at least to the pursuit of growth. The third was...
