What is wrong with Boring Budgets?

For many of those who are paid to write stuff about the budget and have word counts to meet, I guess the answer is obvious. Nevertheless I have found the general lament that a relatively popular budget wasn’t more exciting rather amusing, albeit painfully amusing as it has led to an unusually large amount of nonsense being published. In the US a fascist regime is trying desperately to find ways to neutralise a popular vote against it. In France political stalemate and popular protest may lead to a right wing populist president being elected, and right wing populists are not far behind in Germany. By comparison UK politics looks rather dull. Thank heavens for that! The most common complaint in the pieces I read was that the Budget hadn’t done enough to raise economic growth. What generally followed was the author’s own particular idea of what measures would increase (or in some cases ‘unleash’!) growth. The reality is that Chancellors can at best only have a marginal positive impact on…

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