After the pageantry of Tuesday's State occasion, I spotted Tony Blair and Gordon Brown together in the Members' cloakroom. Like the ghosts of Budgets past, their presence was an interesting reminder of how their legacy still dominates the Westminster landscape.

Blair's Wars and Brown's Debts, and the broken trust in politics they dramatically contributed to, are at the heart of the political and economic legacy that they have bequeathed our generation to deal with.

At the heart of that legacy is a ticking political bomb. How to make the necessary spending cuts and tax increases required to tackle the deficit, while ALSO cutting taxes on business to make Britain an attractive business location to attract the globally mobile capital and entrepreneurs we need for growth, without committing electoral suicide?

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