deficit reduction

Jim Pickard

Alan Johnson has seemed assured and capable since taking the job of shadow chancellor – despite joking that he would need to read an economics primer to get up to speed. (In fact none of the last four chancellors have had proper economics backgrounds).

But his maiden voyage this morning was not the most awe-inspiring of occasions, taking place at the KPMG offices just off Fleet Street. There were only 20 or 30 people in the audience, all of which seemed to be either journalists or accountants from the host company. Read more