George Osborne

  • Permalink Leader of the Conservative Party David Cameron discusses the Budget on the eve of the Budget with George Osborne (L) Shadow Chancellor of the Exchequer, Theresa May Shadow Secretary of State for Work and Pensions and Shadow Minister for Women and Kenneth Clarke (Far Right) Shadow Secretary of State for Business, Tuesday March 23, 2010Gallery

    How the Conservatives’ austerity rhetoric won them GE2015, and almost cost them GE2017

How the Conservatives’ austerity rhetoric won them GE2015, and almost cost them GE2017

Paul Whiteley, Harold D. Clarke, and Marianne Stewart explain why austerity is no longer an election winner – neither economically nor politically. They argue that David Cameron’s government reaped political rewards through its austerity rhetoric, but the strategy backfired in the next election, when many voters believed a Conservative government would impose more hardship on them.

In our book on the 2015 general election we […]

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    Machonomics: George Osborne’s legacy to UK macroeconomic governance

Machonomics: George Osborne’s legacy to UK macroeconomic governance

George Osborne was a purveyor of machonomics, an approach to economic policy-making revolving around seemingly bottomless reserves of macho self-confidence, writes Matthew Watson. Here he argues that Osborne modelled himself in this way on the optimal policy-maker of the so-called time consistency problem of abstract economic theory.

George Osborne was always accused of having lived a charmed life by those […]

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    Philip Hammond should shelve Osborne’s plan to cut corporation tax

Philip Hammond should shelve Osborne’s plan to cut corporation tax

In the wake of Brexit, George Osborne planned to “woo business” by reducing corporation tax – already heading for 17 per cent, the lowest rate in the G20, by 2020 – to less than 15 per cent. Will Philip Hammond, the new Chancellor, now follow through this plan, and would this be a step towards making the UK a tax […]

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    “Brexit chaos proves that I was right all along,” says everyone. Our political narratives need to change, or they’ll become barriers to thought

“Brexit chaos proves that I was right all along,” says everyone. Our political narratives need to change, or they’ll become barriers to thought

In times of uncertainty, politics is about choosing between competing narratives. The trouble is that narratives tend to be more about sticking to one’s position than responding to events. We need our politicians to be better at changing their stories and their minds, argues Kate Alexander Shaw.

In the week since the Brexit referendum there has been plenty of hand-wringing […]

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    Budget 2016: Osborne rolls with the blows, but the politics tramples good economics

Budget 2016: Osborne rolls with the blows, but the politics tramples good economics

John Van Reenen, Director of the Centre for Economic Performance, gives his reaction to the 2016 Budget. The austerity approach continues, despite it having little economic sense. Fuel duty is frozen as a sweetener to his backbenchers. And in terms of the future, Osborne may have spent time outlining the global uncertainties on the long-term economic horizon, but it’s the closer possibility of Brexit which has the potential to be the […]

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    “We’ve got to live within our means”: what we can expect from the 2016 Budget

“We’ve got to live within our means”: what we can expect from the 2016 Budget

Reduced growth forecasts are predicted in the run up to the 2016 Budget, as well as the potential of the Chancellor George Osborne having to adjust his borrowing forecasts. Osborne has already laid the groundwork for further spending cuts with his warning that he would use the annual financial set piece to “look at public expenditure again”.  The Dods Political Monitoring Team speculate […]

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    Instincts vs. Politics: the state of Labour’s fiscal debate

Instincts vs. Politics: the state of Labour’s fiscal debate

Should Labour oppose George Osborne’s surplus rule? On the one hand are those within the Party who see the rule as bad economics; on the other are those who point out Labour was defeated on the economy in May 2015, and so are ready to sign up to a fiscal rule they don’t believe in. Gavin Kelly assesses the […]

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    Breaching the welfare cap is actually good news for the Conservatives

Breaching the welfare cap is actually good news for the Conservatives

On the face of it, the news that the government’s welfare spending cap will be breached for the first three years of this Parliament is a major embarrassment for George Osborne’s Treasury. But Kate Alexander Shaw explains that despite being a failed policy in the short-term, the welfare cap still shapes the debate in support of lower welfare spending.

Announced in […]