There’s a rule which says Chancellor’s must not leak their budget before delivering it t the House of Commons. At least one Chancellor paid for his lapse with his job. How different it seems nowadays. If Ministers resigned for leaking statements today there would be few left in the Cabinet.

Last week’s Budget statement seemed subdued. Perhaps MP’s had forgotten the significance of a Budget, after all the previous two Chancellors had not lasted long enough to deliver one. Or maybe having been comprehensively leaked there wasn’t much new to reveal. Conservative MP’s seemed nervous – the highest level of taxation and debt since the war coupled with a disagreement over how to get to be a high wage, high enterprise economy maybe left them frustrated. Opposition MP’s were also anxious. The Government has after all stolen so many Labour policies including freezing energy prices, more help with childcare and action to support people back into work, that Labour MP’s worried that by the Government will steal even more of the Opposition’s ideas.

There are three tests for this budget. Technically avoiding a recession is not good enough. So how does the country get out of a cycle of low growth, high taxes and declining living standards which the OBR says will only get worse? Secondly, is the budget fair? The Chancellor lifted the limit on lifetime pensions benefitting only the richest 1%. But ultimately the test will be, do you and your family feel better off? After 13 years of Conservative Government that may prove the only question which matters.