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George Osborne’s fiscal strategy is based on trust

The Chancellor understands the importance of appearing both competent and, at times, benevolent

By George Magnus  

George Osborne has won trust by moving to the centre ground © PA/PA Wire/Press Association Images

The economic run-up to Christmas includes an ECB meeting this week, the Bank of England’s Monetary Policy Committee next week, and the Federal Reserve the week after. The first and the last, at least, are expected to set tongues wagging. This week though, something a bit different, but no less important.

It isn’t easily measurable,…

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