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My reaction: Osborne is a disaster. First he finds millions down the back of the sofa he didn't know he had and spends them immediately. A month later he suddenly realises he needs to borrw twice that amount. I think he's been sniffing the white powder. And as he announced his crackdown on property developers not being able to accrue their profits in offshore companies, I thought of the development of the former Osborne and Lyttle site in south London, and had to smile cynically.

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