George Osborne’s „Granny Tax“ woes are not about political clumsiness, but cowardice

By Bagehot

AS GEORGE Osborne, the Conservative chancellor of the exchequer, endures a second morning of horrible headlines about a stealth „Granny Tax“ supposedly hidden in his 2012 budget, voices within the commentariat are questioning whether he deserves his reputation as a master of news management and political strategy.

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