<iframe src="//www.googletagmanager.com/ns.html?id=GTM-K3L4M3" height="0" width="0" style="display:none;visibility:hidden">

Leading article

George Osborne is blowing bubbles

12 October 2013

9:00 AM

12 October 2013

9:00 AM

In opposition, George Osborne said that you cannot borrow your way out of a debt crisis. In government, he has proved it. Since entering No. 11 Downing Street, his strategy has been to talk sternly about austerity while borrowing more than anyone else in Europe. With every budget he has presented, the deadline for balancing the books has slipped further forward — now it’s 2020.

Already a subscriber? Log in

Subscribe for just $2 a week

Try a month of The Spectator Australia absolutely free and without commitment. Not only that but – if you choose to continue – you’ll pay just $2 a week for your first year.

  • Unlimited access to spectator.com.au and app
  • The weekly edition on the Spectator Australia app
  • Spectator podcasts and newsletters
  • Full access to spectator.co.uk
Or

Unlock this article

REGISTER

You might disagree with half of it, but you’ll enjoy reading all of it. Try your first month for free, then just $2 a week for the remainder of your first year.


Comments

Don't miss out

Join the conversation with other Spectator Australia readers. Subscribe to leave a comment.

Already a subscriber? Log in

Close