‘Osborne appears to have achieved the miraculous. He has combined budgetary overspending with a reduction in cost of the debt burden'

Imagine being allowed to own your own pension. Why, you might do something silly with it.

"The boom in the output of the financial sector was a boom in productivity. This has been stopped in its tracks by bureaucracy and regulation."

The FT's chief economics commentator debates Standpoint's columnist Tim Congdon on the Great Recession, austerity, and the proper use of fiscal policy