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What the coalition got right

Politicians must resist the temptation to bend economic rules

The government’s “fiscal rules” have been sensible, up to a point. © Rex Features

This government’s fiscal policy is a bit like marmite: you either love it or hate it. Those that love it say it rescued the economy from a fate similar to Greece; and those who hate it say it deepened and prolonged the recession. Yet even those inclined to the latter should acknowledge two features of the policy that should not be discarded: the establishment of the Office for Budget Responsibility (OBR) and…

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