Four months ago, there was much cheering and dancing on George Osborne’s political grave (or at least his political cold-storage) as he announced the government’s abandonment of his deficit target and his own resignation.
Some people, including the leader of the opposition and the shadow chancellor, claimed that this was a U-turn.
I welcome Osborne’s decision to listen to the calls made by myself & @jeremycorbyn to drop his failed surplus target pic.twitter.com/vv4gd0aLuq
— John McDonnell MP (@johnmcdonnellMP) July 1, 2016
Today Osborne has bowed to Labour pressure by scrapping his failed spending target https://t.co/Y1PsN63vya
— Jeremy Corbyn MP (@jeremycorbyn) July 1, 2016
Even the Daily Mail said that the government would “abandon George Osborne’s austerity agenda.”
The line was repeated by excited people in my Twitter timeline. George has abandoned the deficit target so it’s the end of austerity. Game over!
If anyone still believed that, the Autumn Statement should have…
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Utopia, you are standing in it! 
Dec 15, 2016 @ 21:58:38
george abandoned austerity two years out from the election. Probably why they won in the end. His targets were always optimistic after the election
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