Osborne and Cameron face a choice

Osborne and Cameron face a choice. If Osborne were to go it would be better for the country, the next Tory Chancellor would be a heavyweight such as Ken Clarke or William Hague. His departure, however, would be a disaster for the Tory Party and would seriously cause a crisis of confidence in the Leader of the Opposition. Osborne is out of touch, he made a serious error of judgement and should probably have resigned straight away to limit the damage of yachtgate. As it is he should stay and prove himself over the next few months, announcing changes to tax policy etc and correctly challenging the Pre-Budget report.

Osborne has not made himself popular, he does not want unfunded tax cuts. There is, however, no reason that there should not be funded tax cuts.  Prove yourself George, pledge to get rid of waste and pork barrelling. Identify the useless services you would cut (such as the regional development agencies or a freeze on new spending for holyrood). "Share the proceeds of spending cuts" between a moderate tax cut for the lower paid and reducing the deficit. You may not become popular with your party once more but you can still be popular with future generations.