Chancellor can't hide the red ink and a gloomy outlook

Martin Wolf, chief economics commentator, sees the ghost of Gordon Brown behind the text and structure of the Budget, and says chancellor Alistair Darling remains too optimistic on projected fiscal performance. He tells Richard Edgar of FT.com that the chancellor has little room for maneouvre, and probably did best with the Budget's political highlights: raising taxes from drinkers and inefficient cars and giving it to children, as he puts it.