Valentin Boboc: To stop spending money, the Chancellor must spend political capital

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Valentin Boboc: To stop spending money, the Chancellor must spend political capital

The Budget on 28 October is an opportunity to change course. The Chancellor need not adopt every proposal in the Alternative Budget, but he should recognise that the choice is not simply between deep cuts and ever-higher taxes. Balancing the books takes surprisingly little, provided the Government is willing to spend some political capital. The post Valentin Boboc: To stop spending money, the Chancellor must spend po…