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George Osborne’s budget was more New Labour than Thatcherite | Martin Kettle

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Yes, the chancellor delivered a regressive package, but the charge of ‘same old Tories’ is far too simplistic

No event in the political calendar is more thoroughly scrutinised yet more routinely overhyped than the budget. Only a tiny handful of budgets actually change the country or remain lodged in the memory as agenda-shaping moments. So let the dust settle before being too categorical about the long-term importance of George Osborne’s latest budget– especially as it is his second in four months.

Related: Summer budget 2015 represents new centre of UK politics, says Osborne

Osborne’s desire to appeal to centre-ground support and to force Labour towards the margins could not be plainer

Related: Budget 2015: tax credit claimants will be up to £1,000 a year worse off, says IFS

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