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...
