Alistair Darling has just announced that the threshold for inheritance tax is up to £600,000 for married couples.
I’ve never seen Gordon Brown smile so much – he looked like he was really enjoying the theft of Tory ideas.
This was meant to be a pre-election budget without the election.
The Prime Minister fired the starting gun but shot himself in the foot.
The Prime Minister’s name may appear on the cover of a book on Courage but it’ll never appear in the index.
Copying Tory ideas on inheritance tax isn’t leadership, it’s followership.
This is a cynical government.
Growth is down, borrowing is up.
After a decade of growth the budget should be in surplus, not in deficit.
This government should have saved in a boom for a rainy day. It didn’t.
The savings ratio is the lowest on record.
The growth of disposable income has fallen from 2.5% to 1.5%.
Neither of these things were mentioned. Just like his predecessor, Alistair Darling is hiding the truth.
He shouldn’t be copying Gordon Brown – he should be blaming him.
The growth of spending is slowing fast.
Reform never got off the ground.
Our tax burden is rising to a historic level – when all our major competitors are cutting tax levels.
Today’s announcement is a tax-raising announcement.
This is a Government of fake photos, fake troop withdrawals and fake hospital openings.
5.30pm: Matthew d’Ancona thinks I missed the most important line from GO’s speech: “From this day on let there be no doubt who is winning the battle of ideas." Matt explains all over at The Spectator’s Coffee House blog.