Outfits justify their existence by simply stating the obvious

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One of the easiest jobs around at the moment is to be a member of a ‘think tank.’

These are self-important, self-aggrandising outfits which rejoice in fancy names like the Institute of Fiscal Studies and justify their existence by stating the obvious.

This particular one has come to the astonishing conclusion that the spending power of the average British family will plummet over the next five years. It also predicts lower income families will bear the brunt of the government’s latest cuts.

With wages stagnating, the cost of life’s essentials soaring, unemployment on the rise and inflation certain to edge upwards, it hardly required a tank full of ‘thinkers’ to reach such a blindingly obvious conclusion.