The OBR early leak is embarassing. For an institution that's supposed to anchor fiscal credibility, putting out numbers hours befor the Budget undermines the whole process. Your point about fiscal drag being used as a stealth tax mechansm really landed. It's basically the same playbook Hunt used, just with a different party holding the pen. The longue duree productivity chart is a good reminder though that turning things around is posible with the right mix.
"The best place, naturally, for a top-to-bottom read on how to interpret Rachel Reeves’s latest offering is the pages of The Economist"
No. The Economist represents a very narrow aperture of opinion, not even covering the whole of the Overton Window. As a general rule, ignore it. After all, they don't even put their name on regular articles.
Something I would've added is that this Budget refused to allow over65s/Pensioners receive any kind of hit to their finances
See: https://notes.archie-hall.com/p/a-few-next-day-budget-observations
Agree, I underplayed that. Actually something I’m noting in a quick follow-up soon
The OBR early leak is embarassing. For an institution that's supposed to anchor fiscal credibility, putting out numbers hours befor the Budget undermines the whole process. Your point about fiscal drag being used as a stealth tax mechansm really landed. It's basically the same playbook Hunt used, just with a different party holding the pen. The longue duree productivity chart is a good reminder though that turning things around is posible with the right mix.
Excellent analysis.
Thanks, Ryan!
"The best place, naturally, for a top-to-bottom read on how to interpret Rachel Reeves’s latest offering is the pages of The Economist"
No. The Economist represents a very narrow aperture of opinion, not even covering the whole of the Overton Window. As a general rule, ignore it. After all, they don't even put their name on regular articles.
Not sure quite why one would be wanting to cover the whole of the Overton window