- Tue Nov 12, 2019 4:27 pm
I think the vast majority of Tory target voters probably reckon austerity has been necessary, albeit with a certain wearying recently. If you believe that, then the increased debt sort of proves to you that you were right and it would have been much worse if the other lot had been in.
Jonathan Portes makes the point that Osborne vetoed the OBR looking at party manifestos, even though Robert Chope and the then Treasury Select Committee chair, Andrew Tyrie, were OK with it. Osborne knew he could rely on narrative to make the case Labour was deeply irresponsible, and didn't want the OBR saying "Well actually, no".