‘The golden rule has turned to dross in his hands,’ Letwin said, adding that the chancellor was ‘isolated’ in his assertion that the government was on target to meet his own rules.
Citing expenditure of £1,000 on chairs at the Ministry of Defence, he lampooned Brown’s claims prudence.
‘This is not the holy grail. He’s not Sir Lancelot but Sir Waste-A-Lot,’ he said.
He also said that the Labour government had spent, and wasted, £1bn on management consultants, with many public sector services failing.
‘The government has management consultants working, but the public sector isn?t.’
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements