By reminding backbenchers of manifesto commitments on debt control, he is squaring up for battles to come over the spending review.
We should base it on an index of cumulative change in wages.
The problem is that spiralling spending demands quickly use up the options which voters don’t notice. Eventually you need other big sources of revenue,
But this electoral Titan has an Achilles heel – tax rises which, rather than planning or HS2, are the real threat to future Chesham & Amershams.
And we chat to the young waiter, the question I’m asking is: “why wait until young people are 22 for auto-enrolment to begin?”
Conservative messaging implies an implicit belief that there are no major state functions ripe for reform in any fiscal repair.
The big questions are about an EU deal and Covid recovery. But one of the other places to look is how we turn our savings into investments.
The first group of savings are about making the state more efficient, the second about creating a state focused on the core tasks of government.
And when it comes to paying for the crisis measures, as we must, taxes must not fall on younger workers.
Our new Pensions Bill will cracking down on bad pension bosses, utilising new technology to put the consumer in charge, and help us get to Net Zero.
The Treasury should hold one as the year rolls on, along the lines of that undertaken by Canada’s government during the 1990s.
Modest consolidation over decades is one thing; large increases over a Parliament would be quite another.
The public would catch up when growth slowed and redundancies rose. It would become clear that raising taxes on employers doesn’t help anyone.
Given the Coronavirus uncertainties, whatever he announces could be even more provisional than most schemes of most Chancellors.
Investors should create new homes – in an economies-of-scale dozen at a time, and lease a whole care package to local authorities.