Cameron has made some striking pledges on how he will cut the deficit. The trouble is that most of them are at odds with his promise to protect the vulnerable.
As this excellent Social Market Foundation report contends, it is hard to see how any of his pledges on ring-fencing middle class benefits, limiting tax rises and increasing health spending will survive, at least if Cameron really isn’t going to balance the books on the backs of the poor. Read more
This is one for the geeks but a telling sign of how power gnarls bold promises on transparency.
For several years, Chris Giles, the FT economics editor, has tirelessly pushed the Treasury to come clean over their fiscal forecasts so the country is told the severity of cuts expected to total departmental spending. Read more
An interesting chart from the Institute of Government. Note the Lib Dem cabinet positions control less than 10 per cent of departmental spending (excluding the all powerful David Laws, of course).
Not sure whether this is a blessing. Axing 25 per cent of spending from transport or the police is never a career enhancing move in politics. But Vince Cable and Danny Alexander face some particularly tough choices on Scotland and student fees, which have the potential to backfire horribly on the Lib Dems. Read more