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Who is going to Blog the Budget for us?

One if my favourite MSE memories was the forum member, with a view of the City of London branch of Northern Rock, who devoted the day to keeping us up to date with the panic queue.

Anyone with the financial knowledge able to give us all a FACTUAL report on what the boy Osborne is really saying?
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Comments

  • tomterm8
    tomterm8 Posts: 5,892 Forumite
    Part of the Furniture Combo Breaker
    The devils in the detail, the important things are generally not what the chancellor says, the important things are very subtly hidden away in the 500 pages + of budget reports which no one will get to read until the chancellor sits down.
    “The ideas of debtor and creditor as to what constitutes a good time never coincide.”
    ― P.G. Wodehouse, Love Among the Chickens
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    They said that the only way to guarantee everyone is worse off is to increase VAT, but surely some people are on RPI linked pay increases so woudn't be affected by this at all
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    I can try.
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I am not going to even be listening to it. I will leave it to the half-infomed threads here to keep me abreast of things people think were said/are happening....

    As a single, working person I am used to every budget stuffing me financially - no reason to listen to this one too.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    My guess is that taxes will shift from poorer to richer short term. It's the easiest way to maintain consumption while increasing tax take. Long term it won't work.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    "No growth without a cut in govt borrowing" - exports up, wants to see more business investment
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    more business investment is consistent with lower government borrowing.

    Not possible to follow the 'fisal path' of the Lab Government as it would => higher interest rates

    Spending is too high not tax too low.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    80% spending cuts, 20% tax rises to cut the deficit. Budget deficit to be half the level predicted by Lab by 2014-15.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    Fall in National debt:GDP ratio by the end of Parliament. Also a promise not to join the Euro and a disbanding of the 'Euro Preparation Unit' (they will remain employed it seems. Why not sack them if they're no longer required?)
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