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Of the truth, and all of them also get pushed out to talk about things they clearly don't believe in, which must be an extraordinary hard thing to do. how does pauljohnson, who has been pretty left—wing, ed balls tells a story about you staring a carpet in a tutorial when he said, what's wrong with capitalism anyway? how do then work for a impartial economics institution during the height of thatcherism and stay neutral? you are recalled as working together on property, and you both having to accept, because the boss was andrew dilnot, you aren't here to comment on whether that is a good or ...

That this is having this significant effect in terms of cutting spending and what effect that is having. and the government has said it wants to achieve this set of fiscal targets. here is whether it will do that or not. the language of the ifs for a long time was the language of the black hole. in other words "there is a black hole in the finances "of the government". year in, year out, i made a lot of my career on asking lots of questions to gordon brown and george osborne about the black hole. and i suppose the critique is, it assumes the hole has to be filled either by spending cuts or tax...

You did politics, philosophy and economics. one of your tutors said you were quite quiet back then. tim besley, economics tutor at oxford, he said, quiet, low—key, interested in economics, but quite low—key? i'm not sure i was that quiet, but there were quite a lot of noisy people around. your tutorial parlour. yes, for example, there was one ed balls, so getting a word in edgeways in that group was a little challenging. that was a very different kind of world to the one that i had been used to. rumour has it you were a bit more left—wing than him as a student? that would be true, i thin...

Iam in awe, actually, of politicians who are able to do that. because it is so restrictive, you mean? yes. all parties have part of the answer, part of the truth, and all of them also get pushed out to talk about things they clearly don't believe in, which must be an extremely hard thing to do. how does young pauljohnson, who has been pretty left—wing, ed balls tells a story about you staring at a carpet in a tutorial when he said, what's wrong with capitalism anyway? how do then work for an impartial economics institution during the height of thatcherism and stay impartial? you worked for s...

What we were doing was... george osborne set himself a set of fiscal targets, as did ed balls when he was shadow chancellor, and what we were trying to do was to say, well, they say they want to achieve this, is the set of policies they have set out likely to do that? let's turn to the other side of politics. the debate on brexit. not automatically a left—right argument, but there are probably more leavers on the right than on the left, at least prominent ones. they say, when you did the sums on brexit, you ignored out the dynamic effects, the possibility that brexit would unleash new innova...