“In my lifetime, who have been the big chancellors?” says Paul Johnson, as he prepares to hang up his spreadsheets as the director of the Institute for Fiscal Studies. “You’ve had Healey, Lawson, Clarke, Brown. Arguably Osborne. We haven’t had one since then. They’re the long-lasting ones.”
The fact that Rachel Reeves is not on that list will elicit no surprise in No 11, where Johnson is seen as a nitpicking critic, naive about the constraints of politics.
