Osborne’s class spite wrapped in spin will feed a backlash | Seumas Milne

The budget is a cynical one-nation fraud. The reality is a huge transfer of resources from poor to richIt’s a long-established Tory tradition to play their most outrageous cards as soon as possible after winning an election: impose the most savage cuts and stuff the pockets of their friends without restraint. Margaret Thatcher could barely contain herself in 1979, abolishing exchange controls and cutting the top rate of tax for the wealthiest from 83% to 60% a month after coming to power. Her