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Any other business

How Labour’s 50p tax trick has ended up helping George Osborne

Plus: The lessons of Nick Leeson and a salute to Sir Robert Wade-Gery

28 February 2015

9:00 AM

28 February 2015

9:00 AM

Last week’s public borrowing and tax-receipt figures, headlined ‘Chancellor hails biggest monthly surplus in seven years’, received considerably less attention than the employment and wage-growth numbers a week earlier, underlining my belief that voters care a lot less (or indeed not at all) about the intangible ‘fiscal deficit’ and its implications than they do about their own prospects and spending power.

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