budget briefing 2010

Even in the current economic climate, a Budget so close to a General Election was never going to be anything but political. Arguably, the only reasons for having this Budget are political ones, given the spending review is later in the year and the pre-budget report covered all the substantial tax decisions.

The Chancellor used the fact that the Government has borrowed less than expected to introduce a note of optimism as he tried to tread the line between deficit reduction plans to reassure the markets and measures to lure the voters. / Read article