The mood around welfare cuts may finally be shifting. The new work and pensions secretary Damian Green has explicitly sought to distance himself from the stance of the past six years by stating that there "will be no new search for cuts in individual welfare benefits".
A substantial increase in the National Minimum Wage for over-25s (or National Living Wage, as Osborne’s re-badging has it) can only be a good thing for low-paid workers. It should be celebrated. That much, at least, is clear.