Across most of the western world, work is much harder to come by for young people than for the population as a whole.
With large current account and budget deficits, that long-term economic plan of promoting savings, investment and exports is very much a work in progress.
We should never forget Herbert Stein’s Law – “if something cannot go on forever, it will stop”.
The notion that our economy can be fundamentally fixed or broken by a simple policy lever pulled in Downing Street is one with obvious appeal to the statist left.
Listen out for the murmur of disbelief from the Question Time audience.
This year’s payments will surpass the Transport, Home Office, Justice and Energy budgets combined.
“The days over easy money are over,” said Osborne in 2009. Except they’re not. Debt is once again on the rise.
Growing national debt is a burden that young people and future generations shouldn’t be asked to bear. Governments have a moral responsibility to remove it.
One Parliament hasn’t been enough to bring about a debt-free, saving, manufacturing economy. What happens in the next could tip it one way or the other.
Compare the state of the nation today to how things were when I first became a Treasury Minister and it’s clear how far we’ve come.
Can’t be bothered to sift through the Budget and its supplementary documents? Here are six graphs for you.
Reflecting people’s gripes back at them will take you only so far. To get further, you must also offer something better.
Beginning and ending with deficit reduction – and aiming for a surplus.
It offers an opportunity not only to consolidate and build upon our economic achievements, but to change the terms of the political debate.
Far from starving Greece of capital, membership of the EU and the Eurozone provided the country with unprecedented access to credit.