George Osborne, Britain's new chancellor of the exchequer who is readying his country for fiscal frugality, crowed that the G20 had come round to his way of thinking.
Nevertheless Gordon Brown, the new chancellor of the exchequer, ought to be concerned that no central figures seem to be kept on the overall cost of public-sector pensions, on how quickly it is rising and how cost-effective it is to pension off so many public servants.
The chancellor of the exchequer, who announced new three-year spending plans on July 15th, positively luxuriates in his generosity with other people's money.