The first splits between Cameron and Osborne emerge
Both ConservativeHome and The Times have the story that George Osborne was overruled by David Cameron and Nick Clegg over one of the biggest decisions in the Budget, cutting the top rate of tax from 50% to 40% prompting the first serious friction between the Prime Minister and Chancellor. As the Times note “This marks the first serious economic decision taken by the Tories without Mr Osborne’s agreement since 2005, when he and Mr Cameron took over the helm. and…