The shadow chancellor's promises make electoral sense, but mean a lot of pain for the young and the poor.
5 per cent doesn't sound a lot.
Parties will have to shift focus as, by the next census in 2021, roughly 104 parliamentary seats will have a majority of households that are renting.
The central tenet of Hard Times is that the economic slump of 2008 and its aftermath have augmented the schisms already present in two rich, but profoundly unequal societies: the UK and the US.
If a government has to cut its spending, it is much better to tax the rich than starve the poor.
Conservative and Lib Dem ministers are exacerbating the coalition rift emerging from the Chancellor's Autumn Statement.
How the Lib Dems have handled the government’s penultimate financial set-piece shows us coalition is dead, at a time when it's crucial to keep it alive.
The problem the Chancellor now faces is that, after almost five years of emphasising the need for tough choices, the public is inclined to think the work of austerity is done. It is not.
A bank transaction tax would win votes.
The main lesson to take from George Osborne's pre-budget announcements this week is that the worst of austerity is yet to come.
Having already trimmed Whitehall of fat, the next government will be forced to cut into bone. But no party will utter this truth.
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