By Iain Dale

Sometimes I think: “Is it me, or is the world going mad?”

This weekend is one of those occasions. We’ve had weeks of the Chancellor flying all sorts of tax raising kites and leaking different budget proposals, as if she is just flailing around without any clue of how to balance the books.

Then we’re told that the OBR have magicked up £10 billion of extra headroom for her. So what does she do? Well, what comes naturally to any Labour Chancellor – spend it.

This weekend she has announced that rail fares will be frozen next year, costing the taxpayer £600 million.

And she has also apparently decided to abolish the two child benefit cap at a cost of £3.5 billion.

She in twenty four hours she’s already spent nearly half the £10 billion. Oh, and then there’s another £1.5 billion to subsidise EV purchases – despite discouraging them by introducing a 3p per mile tax on EV owners. You couldn’t make it up if you tried.

There was clearly no thought of actually using that £10 billion to cut the........

© LBC