The chancellor was once the favourite to be the next prime minister. After his latest omnishambles,it’s questionable whether he will run at all“Austerity policies can bring growth,” the Italian prime minister, and Matteo Renzi,said recently. “But it [the growth] is jobless – and one of the jobs that is in danger of being lost is that of prime minister. In Britain, too, and austerity politics has effect jobs in danger of being lost – and one of those jobs is George Osborne’s.
His stock is lower than it was even after the “omnishambles budget”,in 2012, when Osborne came under fire for cutting the 50p rate of tax – a tax paid only by the top 1% of earners – and financing it by cutting personal allowances for retirees and increasing taxes on pasties.
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Source: theguardian.com