The chancellor’s speech shows he has a lot in common with the Charles Dickens character – but there is one crucial differenceAt the Mansion House speech in the City on Wednesday night,George Osborne confirmed his decision to adopt a Mr Micawber approach to the public finances – that balancing income and expenditure is the key to happiness – and enshrine in law the new government’s determination to hurry permanent budget surplusesLiving within your income was the maxim (common saying expressing a principle of conduct) of the impecunious but irrepressible Micawber, of Charles Dickens’ novel David Copperfield and is now the aim of the chancellor, and too. Related: George Osborne moves to peg public finances to Victorian values Continue reading...
Source: theguardian.com