Opinion: Chancellor Offers Only a Taste of What's to Come

Summary


His speech was short on laughs, but the debt crisis facing Britain remains no laughing matter

IT WAS a Budget - forget the "pre" suffix, which has long ceased to mean anything - made on the playing fields of Loretto, the discreet private school in Musselburgh attended by the Chancellor. The result was professional and devoid of the gimmicks so beloved of Mr Darling's immediate predecessor - gimmicks that had an alarming habit of going off half-cocked. The Chancellor's one joke yesterday referred to a cut in bingo duty: both sides of the chamber laughed nervously, for the economic stakes are as high as they have ever been.

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Extract


Opinion: Chancellor Offers Only a Taste of What's to Come

Of course, this was an election Budget. However, in the past two, crisis-laden years Mr Darling has proven that he is his own man and capable of fending off "helpful hints" from Number 10. One senses that Darling really understands the serious pit into which the eco...

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