Has Osborne downgraded the Tories’ commitment to ring-fence health spending?
From our UK edition
Osborne's interview with the Guardian is mostly getting coverage for his attack on "unacceptable" banking bonuses. But I reckon a passage about the Tories' commitment to ring-fence the health budget from spending cuts may be more significant: "Only health and international development have been ring-fenced – though today, when it comes to health spending, [Osborne] says only that 'we will work hard to protect it'." This idea of "working hard" to "protect" the health budget is a good deal more ambiguous than the solid pledge to offer real-terms spending increases that we've heard so much over the past couple of days. As I suggested yesterday, it's also a more sensible position for the Tories to adopt.