Look out on this morning’s Sunday Politics for the launch of their new manifesto tracker analysing how well the Tories are doing at keeping their election promises. It’s a pretty hefty piece of work, recording progress on each of their 161 pledges over the next four years. George Osborne’s section will be worth keeping an eye on:

• Eliminate the deficit entirely and start running a surplus in 2018-19

• Cut government waste; plan a further £10 billion of annual savings by 2017-18 and £15-20 billion in 2019-20

• Continue to control government spending in 2018-19, no longer cutting it in real terms, but instead growing it in line with inflation. From 2019-20, after a surplus has been achieved, spending will grow in line with GDP

• Britain to become the most prosperous major economy in the world by the 2030s

Red lights appearing against these policies will highlight the Chancellor’s squandermania and properly hold the government to account on some of their more unrealistic promises. Well, Labour are hardly in a position to do it…