A chancellor's budget is the product of months of Treasury work. It provides a spectacular pantomime on the day it is delivered. It appears to matter hugely at the time. But, as Clarke himself admits, most budgets are effectively forgotten within months.
...it was genuinely memorable...Hunt produced on Wednesday was both a distinctively Conservative budget, and a recognisably pre-election budget...Instead it felt more like the work of a party that, having once believed that it was born to rule, is now reduced to being born to wreck.
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