A s someone who barely understands their own finances, let alone the country’s, I will admit that budget day doesn’t always register with me. Perhaps if there were outre outfits or horse-drawn carriages involved, like there are at the state opening of parliament, I’d get into it, but the only accessory of note is a briefcase and it doesn’t even glow mysteriously when you open it.

This week, however, the chancellor of the exchequer did manage to catch my attention. Somewhere amid the household energy payments and defence spending , he slipped in a cheeky £7m to assess a possible Olympic bid for the north of England. That’s only a preliminary step and a fraction of the cost of any actual bid – Tokyo and Paris spent more than £50m on theirs.…