Monday 15 March 2010

Will Osborne Reveal the Tories' True Intentions?

The Tories have made no secret of the fact that spending cuts are needed quickly to reduce the Budget deficit.

The announcement today from George Osborne, the Shadow Chancellor, that the Conservative will reveal some of their spending plans after this month's Budget may in my view, backfire.

The Chief Secretary to the Treasury, Liam Byrne, has already slated the move.

I am reminded of John Smith's 'shadow' Budget of 1992, in which Labour publicised their spending plans, should they win that election. It proved to be a big mistake and the opposition parties not to mention the media, were able to rip the proposals to pieces.

I wonder if George Osborne will face the same criticism as Labour did 18 years ago and is about to shoot himself in the foot.

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