Kwasi Kwarteng: After a pantomime Pre-Budget Report, serious steps are needed to cut taxes and spending

Kwasi Kwarteng was Conservative Candidate for Brent East at the General Election of 2005, Chairman of the Bow Group in 2006 and a candidate for the  London Assembly in 2008. He holds a doctorate in Economic History from Cambridge University, has worked as an investment analyst, and is currently writing Ghosts of Empire, a book about the international legacy of the British Empire.

It’s only two weeks before Christmas, so my mind takes me back to Christmases when I was a child. I loved pantomimes and I remember the various fairy tales and children’s stories; Jack and the Beanstalk, Dick Whittington, that kind of thing. And Alistair Darling’s effort on Wednesday afternoon reminded me of another pantomime which some people may not have seen. It went something like this…

In a distant kingdom, far away, there was an old king who had two sons. The first son was slow of body and mind, a dull plodder. The second son, from a second marriage, was 15 years younger. He was a free spirit who enjoyed travel and speaking to learned men from all over the kingdom and beyond....

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