IFS: Osborne’s austerity means more pain, not jam, tomorrow
From our UK edition
George Osborne’s critics like to deride him as the ‘jam tomorrow’ Chancellor. But according to the post-Budget briefing the Institute for Fiscal Studies gave this afternoon, he’s the ‘pain tomorrow’ Chancellor instead. It’s not that things really aren’t getting better, but that the bulk of the pain in terms of spending cuts and tax rises