In his weekly column, MP James Wild discusses finances… On Monday, I was in the House of Commons as the Chancellor came to Parliament and pretended that like Old Mother Hubbard she had opened the cupboard and it was bare. Despite saying during the election campaign that “you don’t need to win an election” to find out the state of public finances, apparently there is a £20billion spending “black hole” no one knew about. In reality, this was a transparent attempt to lay the ground for tax rises Labour promised not to impose during the election. Indeed, over £10billion of the supposed black hole …
