These are difficult times for a news organisation that likes to think of itself as being on the glass-half-full side of life. Optimism is in short supply, and whatever reserves remained after 12 months of this government were snatched away from us yesterday by those bean-counting assassins at the Office for Budget Responsibility.

Once a year, the OBR produces its Fiscal Risks and Sustainability Report, and once a year our political leaders promptly fling it in the “thanks, too difficult” cupboard. As the watchdog’s chief, Richard Hughes, said yesterday: “We produce these reports to draw attention to these issues, and........

© City A.M.