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Rachel Reeves was emphatic when delivering her Labour Party conference speech: there will be “no return to austerity” under Britain’s first female chancellor. She promised that public spending will grow in real terms, almost certainly funded via a wide array…

When GOD himself and Jim O’Neill, a deity from the economics firmament, interject, perhaps we all have to listen. Gus O’Donnell, now Lord O’Donnell, used to run the country as head of the civil service, where he was known as…