Hail to the Queen

meaningless until Gordon Brown makes it clear how he is going to save money.Tax hikes appear inevitable and Lord Mandelson, the First Secretary, indicated today that taxes will have to rise to pay off the debt.He said: “What it [the new bill] locks in is a commitment to strong discipline for this and future governments that they will act in a fiscally responsible manner.“We will rebalance the public finances over the medium term and we will cut our cloth accordingly.“Of course there will be changes in tax and public spending - so much is obvious. But when, how and on what basis in relation to which