Dave’s Budget Triumph Success?

The noises from Brussels are positive this morning, the overnight negotiations have almost finished, the briefings and spinning has begun. In November the Commission’s demand for €973 billion was revised down to €942 billion. Final figure said to be as little as €908 billion – which would be a real terms cut. It should be borne in mind that in 2011 Britain was targeting a budget settlement of €886 billion, so €908 billion is not quite the unalloyed success that will be claimed by Downing Street. In fact it may turn out to be all smoke and mirrors. The only real test is will the British financial payment to the EU go up…



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Quote of the Day

Janan Ganesh on Labour’s soft left

“Ms Cooper does not believe the previous Labour government was wrong to run a fiscal deficit after 15 years of economic growth. Both she and Mr Burnham think families should be entitled to tax credits for a third child. These views are not mad. They are just a bit too left-wing for Britain. For any serious party, that amounts to the same thing. The soft left is more electable than the hard left but then Mars is more habitable than Neptune: neither planet will host human life anytime soon.”

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