Level Down - part 2

The Government promised to borrow to invest...but the Budget told a different story. Little on Housing and almost nothing for whatever the Government now calls Levelling Up. What a missed opportunity.

Before the Budget, the Chancellor made a big deal of her plans to borrow to invest. Various members of the economic great and good made supportive noises in public - Gus O’Donnell, Andy Haldane, Jim O’Neill.

In reality the OBR’s Economic and fiscal outlook opens by noting that:

‘Against a broadly unchanged economic and fiscal backdrop since March, this Bu…