George Osborne’s latest spending review has demonstrated how little progress he has made on pushing Britain towards fiscal sanity. On the latest View from 22 podcast, James Forsyth and Isabel Hardman analyse Osborne’s statement to the Commons yesterday, the political significance of his plans and how Labour managed to fluff their response.
Colleen Graffy, a former US state department official under George W. Bush, also joins Fraser Nelson to discuss our cover on the return of America as a significant presence on the world stage. How has the superpower regained its economic clout and what role, if any, did Barack Obama play in this miraculous recovery?
Plus, Martin Vander Weyer discusses Mervyn King’s departure as Bank of England governor. How was his final Mansion House speech received? What will his legacy be, and what challenges face his successor Mark Carney?
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