Budget Doesn’t Unravel, Budget Spin Does

24 hours later and Osborne’s budget has yet to unravel, though both sides are having quite a set-to over the Help to Buy mortgage scheme. This morning Labour spinners got very excited by Osborne’s refusal to deny that the scheme would help wealthy homeowners to buy second homes, having the cheek to call it the “spare home subsidy”.

Both Osborne and Cable again did not deny it in the House at lunchtime. A Tory spokesman insists to Guido: “this is a very technical area. We have said that we are going to consult in order to get this right, instead of rushing into decisions or knee jerk reactions”. Yet Housing minister Mark Prisk seems to have made his mind up, telling Wato second homes would not be included.

Labour aren’t having a much better time of it: yesterday two-faced Chuka Umunna told Radio 4 he liked the policy, today he’s against it. If it turns out the spare home subsidy doesn’t exist and the policy is as he thought yesterday, that leaves him in a rather awkward position…



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Quote of the Day

Charles Clarke says Cameron is the most successful PM for over a century…

“Under Margaret Thatcher the Conservatives gained 99 seats. They lost 211 under John Major, gained one under William Hague, quickly and wisely got rid of Ian Duncan-Smith, gained 32 under Michael Howard and have so far gained 133 under David Cameron who, to the great surprise of many (including senior Conservatives), has turned out to be the most electorally successful Tory leader since 1900.”

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