Medium term plan

The Tories may be protecting the UK government from its budget folly. When David Cameron started banging on about bankrupt Britain last year – in particular, when he raised the possibility that the UK might have to go cap in hand to the International Monetary Fund - there was a risk that this would freak out the markets. But ironically the opposition Conservative party leader’s latest comments about the UK’s finances are helpful to the governing Labour party. Last week’s budget was extremely di...