"he is gambling on a swift recovery"; the words of the BBC website reacting to the budget.
The thing is "he" is not gambling, we are, the taxpayer and public. for him there is no gamble. He knows his growth forecasts are Jackanory, but he also knows he wont have to deal with the consequences.
His only gamble is did he poison the ground enough to restrict Camerons majority.
The 50% high rate tax is like an episode of Life on Mars. We are into the failing economics of the 70's. It will lead to a brain drain, goes counter to the Chancelor saying he wants Britain to be a Global Financial centre and is just a political gauntlet thrown before the Conservatives in a look back to class war mentality.
The headline grabing stuff such as the "scrappage scheme" are garbage in themselves, how many people running a 10 year old car will buy a new one, how can the government ensure it is fully passed on to the buyer and not skimmed by the dealer.
Also if you are a nurse who works when there is no public transport, you need to buy a £900 run about, well they will be no more!
Why continue with the lower VAT rate, scrap it now. Train under 25 year olds to do what. Fund sixth form places, it was thia lot that cocked the funding up in the first place.
LA can think of no redeeming features.
Cameron and Osbourne had better be good at Bomb Disposal, because this is a big one.
Nice rant, LA feels a little better now.
LA
