'Economic viagra'

is what Osborne's once called austerity. Robert Shrimsley has funny piece in today's FT looking at the story of austerity as a clinical trial: 'George Osborne, the economic scientist behind the development of the Austerity™drug, had been running live human trials on a select group fo specimens known as the British.' Read more here. (No need to subscribe to the FT. If you register you get a number of free articles per month.)