UK Budget

[afleitch]

...is tomorrow, but it's worth looking over what may come;

A £15bn cut in public spending is expected to be announced through 'efficiency savings' due to be implimented after the next general election. The thing about efficiency savings is that the impetus is on the public service, not the government to make these savings and if they cannot be found...out come the P45's. In the long awaited 'budget for jobs', the government may just jeopardise quite a number of them.

[afleitch]

Well.

Let's say it would have had more impact on the state of our economy if the Chancellor had stood up, cleared his throat, dropped his trousers and taken a shit.

£15bn cut in public spending through 'efficiency savings' (read job cuts at the bottom rung of public and civil services) but £660bn borrowed over the next four years. A new top tax rate of 50%...which gets the government less money than the 2p increas on fuel duty.

The economic growth forecasts can pass without comment.

On the plus side, this may be the last budget presented by the Labour government. And by the sounds of things it looks as if they know they are about to be kicked out the door.