Used properly, stretch targets have the effect of galvanising the level of culture change, ambition, pace and delivery which is needed.
This economic crisis is unlike any we’ve ever seen before, thus it is impossible to make predictions. But already there are signs of who will be most impacted.
The Treasury’s decision is a vital moment in the battle against coronavirus and in the emerging consensus about the country we want to be in future.
Despite help being set out for companies during the pandemic, there have been issues with the implementation of schemes. Ministers must keep an eye on this.
The Conservative victory in the general election of 2019, on a promise to Get Brexit Done, was a crushing defeat for them.
It may be necessary, given the Coronavirus, and could even work. But Britain has a long, long record of state spending failing to turbo-charge growth.
The Chancellor’s measures leave us well prepared to tackle its short-term challenges as well as helping to shape the long-term trajectory of the economy.
Ed West describes in his new book how the Left has established “a moral monopoly”. It describes the mentality of a Tory who will not be imprisoned in a system.
There were plenty of Yes Minister routines and scripts to live through then as now. Much of the system did not like the privatisation programme.
We are in danger of losing sight of the simple truth which has been a favoured phrase of Tory politicians through the ages: borrowing today is simply taxation deferred.
Plus: Will Javid come back? Will Boris Island fly? Hazzer, formerly the Duke of Sussex. And: an ice bath in a Scandi forest.
Javid’s resignation statement contained jokes but also warnings. “I’m a low-tax Conservative,” he said, and the Treasury “is the only tax-cutting ministry”.
His message, that the Conservatives will win if the electoral battle is on identity politics and culture wars, is correct.
They keep changing. But does it matter? For the last 30 years, when it comes to the public finances, the diet always starts tomorrow.
Would the Government have the bottle for planning, childcare and police overhauls – and will Downing Street sign up to this plan anyway?