With the news that the Bank of England is to inject more money into the economy (again) through Quatitative Easing, perhaps the chancellor felt a little like Oliver Twist as he went cap in hand to Threadneedle Street (again).

It’s certainly apposite to reprise this quote from George Osborne in 2009:

“Printing money is the last resort of desperate governments when all other policies have failed.”

This is his own version of Cameron’s “no more top-down reorganisations” promise — to be trotted out again and again and again.

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