There is much more to politics than an affordable state and competitive taxes. But both will be indispensible for survival, let alone prosperity, after we leave the EU.
And there are other policies she could pursue. More nurseries in primary schools. Tougher school discipline. Longer sentences for child abuse.
We may be rowing back to defend one promise. But another more fundamental promise to the future is actually at stake.
And May’s reputation for straightforwardness risks damage from the Budget’s proposals for NICs.
Self-employed people earning less than £15,900 a year will still see a reduction in their NICs bill, and also benefit from the increased income tax personal allowance.
Bright Blue, the Institute of Economic Affairs, the Resolution Foundation and others give their views.
Only a constitutional referendum lock, safeguarded by the Queen, can protect us from the left-wing coalition that could take power in 2020.
The second piece in our pre-Budget series on how to eliminate the structural deficit.
Hammond was right to postpone the date by which he aims to achieve a balanced budget. But whether or not Tory MPs really have the appetite for one is doubtful.
He could commit to some tangible metrics – i.e: reducing the tax code in length by 25 per cent by 2019, or pledging to abolish three taxes in each budget.
The harsh truth is that, nearly seven years into Conservative-led Government, we are still living beyond our means.
OECD analysis indicates that the cost of childcare as a percentage of income for a two-earner family is now the highest in the developed world.
You can’t encourage people to take what are described as virtuous acts, only to punish them later financially.
It would simply replicate all the worst faults of the NHS and create a new set of problems.
Even if she wanted to, she couldn’t reduce her department’s budget without a change in the law.