FINANCE

The continuing financial retrenchment

This week sees further evidence that George Osborne's work to balance the books is harder than ever, according to Ben Page.

This week sees further evidence that George Osborne's work to balance the books is harder than ever: whoever wins in 2015, we now look like facing a retrenchment that continues till at least 2020.

Some will embrace it – most people, while supporting the welfare state (92%), also disagree that it works well (63%). Local government has its part to play in preparing for this new world, while the politicians fight over scroungers and skivers.

Ben Page

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