Is the quality of a Budget in inverse proportion to its initial reception by the media? Professor Philip Cowley, a political scientist at Queen Mary University of London, said today: “The usual rule with Budgets is that those immediately lauded by the media turn out to be disasters. On that basis, and having seen today’s headlines, yesterday was pure genius.” He clarified that this was “sort of a joke, and sort of not”. But as he is one of the few academics to have a law named after him, we should take him seriously.
The Independent