UK budget: darling a hero?

Next week’s pre-election UK budget will be far less important than the post-election budget that is likely to be presented in July. But it will still signal to markets how serious the government is about cleaning up the mess in its finances. At one extreme, electoral bribes could conceivably rattle the markets, triggering a crisis even before the country has the chance to elect a new government. At the other, a fiscally responsible budget from the Labour government could set the tone for the ele...