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No chancellor is liked; in a recession, they are loathed. As George Osborne has said himself, faced with polling evidence that he is singularly unpopular (Peter Kellner), that should be no surprise. He warned everyone of the effect of his austerity plans when he devised them. Still, there is a particular sting to being booed by the crowd of 80,000 gathered for the Paralympics. On the scale of political capital expended, that registers a high reading.

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