It was a bit of a non-event really. The real Butt ***** ing is going to come after the election when whoever wins can stop being coy about exactly what cuts and taxes they're going to impose to reduce the budget deficit.
Its all cloak and mirrors. So much is said about our triple A credit rating and how we have escaped being dragged into the mire such as Greece is experiencing. However our credit rating is already taking a bashing as we get charged over and above the going rate. Anyone with savings has lost about 20% in the past year especially helped by the £ floating (or should I say sinking?) We may not have the best economists on the planet but we have the worst shysters.
I don't know why he bothered to call it a budget just about every proposal is to take effect in two or three years time which in reality is never because events will require them to be altered. Mind you as a bit of electioneering it was quite good and the ending was quite entertaining.
No, we are not doomed, unless the lefties get in or a hung Parliament.
We just need good market perception, a change of Government will do that. Probably would not matter whether it is Tory or Liberals, althought the reality of the later is unlikely.
So youngmafbog do you think then that if the Tories get in and make large scale public spending cuts immediately that will not put us back in recession or that it will and that's a price worth paying?
I can't wait for the televised debates between the three main party leaders. After David Cameron's after budget slagging off of the Labour "performance, or more correctly lack of" over the last 13 years it should make for great TV.
The Telegraph calls this budget an attack on "the middle class".
- The 50p top tax hits only 1% of earners.
- The loss of personal allowance hits only the top 2%.
- Frozen inheritance tax thresholds affects 6% of the richest.
- Stamp duty on homes worth more than £1m equals 1.5% of properties.
I suppose that might seem like the 'middle' for Eton alumni.
Everhelpful, perhaps you are the exception, but that is what the Mirror caters for. Given the mountains of cash I give to this Government I think I am entitled to be pompous. And to clarify I dont hink I am scum, thought even you could have worked that out for yourself without asking.