By Lord Ashcroft
The budget deficit remains the central fact of British politics. The deficit constrains everything the government does, or can plan to do. Restoring the country’s finances remains the coalition’s priority, and rightly so, but this is proving harder than it hoped or expected.
One reason for this is that while Conservatives favour public spending cuts in principle, they often oppose them in practice. Ministers are evidently fighting to protect their own territory. MPs and activists call for spending to fall faster, but to rise in their own favoured areas. Vested interests and lobby groups protest, but that is their job – just as it is the Chancellor’s job to make decisions.
None of those decisions is easy. But one is overdue, and has the unusual advantage of being both popular and helping the Chancellor achieve his fiscal goals.