Debate: After his 2013 budget speech, has George Osborne failed as Chancellor?

Share
Related Topics

 

What's going on?

Chancellor George Osborne today unveiled his 2013 budget hoping to repair a reputation that has fallen dramatically after a spate of u-turns last year and an economy that continues to falter.

This budget did not change the economic narrative as Osborne reasserted his commitment to austerity and refused to borrow in order to boost growth.

Has he failed in his duty as Chancellor?

Case for: Incompetent

If you’re being generous, you could say that Osborne has done well on jobs. Oh and the total failure of his Chancellorship is partly because of a grim inheritance and the ongoing difficulties in Europe.  And that’s about it. On every other measure, the evidence is emphatic and clear: Osbornomics is a catastrophe. Government debt is up by a third. Our deficit may be down – but at nothing like the rate that the Chancellor set as his target. And where is the growth that reduce our deficit, and so get our debt down? It is non-existent, because the Chancellor’s fiscal and monetary policies have constantly failed to generate that growth. He does not have the economic knowledge, the intellectual authority, the professional experience, or the political credibility to continue in this job.

Case against: Hard-nosed

Borrowing has fallen, jobs are up, and our businesses are exporting more to booming BRIC nations. The Government used to spend too large a proportion of national income (over 47 per cent), that number is falling too. Tax cuts - in particular raising the threshold for income tax to £10,000 - will benefit the working poor. Throughout his speech this afternoon, George Osborne was able to call on impartial observers like the OBR and IMF to back up his case that he has handled the economy adeptly. Face it: his achievements are exactly the kind of hard-nosed management our economy needed.

George Osborne is a failure

Read Next
British Prime Minister Tony Blair (L) pictured shaking hands with Libyan leader Colonel Moamer Kadhafi on 25 March 2004.  

There's nothing wrong with Labour’s modernisers except how outdated they look

Mark Steel
 

Any chance the other parties will run their election campaigns without any deceit or nastiness?

Nigel Farage
Isis hostage crisis: The prisoner swap has only one purpose for the militants - recognition its Islamic State exists and that foreign nations acknowledge its power

Isis hostage crisis

The prisoner swap has only one purpose for the militants - recognition its Islamic State exists and that foreign nations acknowledge its power, says Robert Fisk
Missing salvage expert who found $50m of sunken treasure before disappearing, tracked down at last

The runaway buccaneers and the ship full of gold

Salvage expert Tommy Thompson found sunken treasure worth millions. Then he vanished... until now
Homeless Veterans appeal: ‘If you’re hard on the world you are hard on yourself’

Homeless Veterans appeal: ‘If you’re hard on the world you are hard on yourself’

Maverick artist Grayson Perry backs our campaign
Assisted Dying Bill: I want to be able to decide about my own death - I want to have control of my life

Assisted Dying Bill: 'I want control of my life'

This week the Assisted Dying Bill is debated in the Lords. Virginia Ironside, who has already made plans for her own self-deliverance, argues that it's time we allowed people a humane, compassionate death
Move over, kale - cabbage is the new rising star

Cabbage is king again

Sophie Morris banishes thoughts of soggy school dinners and turns over a new leaf
11 best winter skin treats

Give your moisturiser a helping hand: 11 best winter skin treats

Get an extra boost of nourishment from one of these hard-working products
Paul Scholes column: The more Jose Mourinho attempts to influence match officials, the more they are likely to ignore him

Paul Scholes column

The more Jose Mourinho attempts to influence match officials, the more they are likely to ignore him
Frank Warren column: No cigar, but pots of money: here come the Cubans

Frank Warren's Ringside

No cigar, but pots of money: here come the Cubans
Isis hostage crisis: Militant group stands strong as its numerous enemies fail to find a common plan to defeat it

Isis stands strong as its numerous enemies fail to find a common plan to defeat it

The jihadis are being squeezed militarily and economically, but there is no sign of an implosion, says Patrick Cockburn
Virtual reality thrusts viewers into the frontline of global events - and puts film-goers at the heart of the action

Virtual reality: Seeing is believing

Virtual reality thrusts viewers into the frontline of global events - and puts film-goers at the heart of the action
Homeless Veterans appeal: MP says Coalition ‘not doing enough’

Homeless Veterans appeal

MP says Coalition ‘not doing enough’ to help
Larry David, Steve Coogan and other comedians share stories of depression in new documentary

Comedians share stories of depression

The director of the new documentary, Kevin Pollak, tells Jessica Barrett how he got them to talk
Has The Archers lost the plot with it's spicy storylines?

Has The Archers lost the plot?

A growing number of listeners are voicing their discontent over the rural soap's spicy storylines; so loudly that even the BBC's director-general seems worried, says Simon Kelner
English Heritage adds 14 post-war office buildings to its protected lists

14 office buildings added to protected lists

Christopher Beanland explores the underrated appeal of these palaces of pen-pushing
Human skull discovery in Israel proves humans lived side-by-side with Neanderthals

Human skull discovery in Israel proves humans lived side-by-side with Neanderthals

Scientists unearthed the cranial fragments from Manot Cave in West Galilee