Pre-Budget Report

It has totally destroyed the public's trust in the Government's motives, confirming what everyone suspects—that Labour's temporary giveaways now will be dwarfed by permanent tax rises later. Normally, it takes a week or so for the Prime Minister's Budgets to come unstuck; this one has completely fallen apart in just 48 hours. Let us start with the debt figures, because I think that the reaction of the country was a sharp—