The Budget: Osborne walks a tricky tightrope

For the first time since 2007, the economic context is “more or less benign” for the chancellor’s budget speech, says Janan Ganesh in the FT. This is George Osborne’s opportunity to prepare his electoral message – but that message is tricky to get right.

Most Tories want to define themselves as the party of tax cuts. These are simpler than Labour’s “roundabout ways of improving living standards – which include energy price freezes and other meddling – and they are “congruent with the Tory soul”. However, this is dangerous territory.

If the question in voters’ minds is no longer “Who [...]

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