By Julian Jessop The UK’s economic problems clearly run deep, and tax cuts alone will not fix them, argues Julian Jessop The run-up to the March Budget has seen the usual flurry of rumours about how much room the Chancellor has for tax cuts and how he might use it. This time, however, there is also a growing consensus that the current fiscal framework is not fit for purpose. Even the chair of the Office for Budget Responsibility (OBR), Richard Hughes, has acknowledged that the OBR’s projections are a “work of fiction”. He was referring to the lack of detail on the government’s plans for depart…