Five ways George Osborne will fail the next generation

Analysis: Chancellor's policies favour old over young and sow the seeds for another crash that will hurt those he professes to be fighting for

Light-sabre wielding George Osborne says he is fighting for Britain's future generations. Central to his Mansion House speech was a warning that unless the state runs a budget surplus in normal times, a toxic legacy of debt awaits our children and grandchildren.

The chancellor, who let it be known last week that he is a Star Wars fan who keeps several replicas of the Jedi weapons in his office, said that for the sake of future generations "governments of the left as well as the right should run a budget surplus to bear down on debt".

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