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Budget live
HAMISH_MCTAVISH
Posts: 28,592 Forumite
Osbourne:
OECD expect UK economy to avoid a double dip recession.
UK economy has carried more momentum into new year than previously forecast
OBR forecast unemployment to peak this year at 8.7% then fall to 6.3% over next few years
OBR now forecast one million more jobs in economy over next 5 years.
OECD expect UK economy to avoid a double dip recession.
UK economy has carried more momentum into new year than previously forecast
OBR forecast unemployment to peak this year at 8.7% then fall to 6.3% over next few years
OBR now forecast one million more jobs in economy over next 5 years.
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
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Comments
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Confirms asset purchase facility to remain in place this year
Deficit falling and forecast to reach 7.6% next year
Share of national income taken by state down from 48% when took office to 43% next year.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
2013 CPI forecast to be 1.9%
Borrowing this year to be 1 billion lower than forecast in the autumn.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Thanks hamish, i find mse breakdowns of budgets so useful
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Will he ever get down to what affects the ordinary man in the street?Emergency savings: 4600
0% Credit card: 1965.000 -
Borrowing forecast revised downwards
Automatic review of state pension age“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Cost of Afghan war 2.4b less than planned“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Treasury borrowing money more cheaply than at any time in history, reflects confidence, etc.
"Will test issue of Gilts for longer than 50 yrs or no fixed redemption dates"
Will rebuild reserves, has increased Gold holdings to 11 bn pounds (dig at Gordon)
Newbuy scheme used govt balance sheet to help those who cannot save larger deposits
Expanding get britain building fund
passing on low rates to businesses through national loan guarantee scheme, 20 billion“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Expanding enterprise finance guarantee.
Exports- We want to double exports to 1 trln pounds this decade.
Expanding export finance guarantees
Actively seeking investment from overseas wealth funds and pension funds into UK infrastructure“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Must confront lack of airport capacity in south east of england. Announcement this summer.
Network rail will electrify further north“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Pretty boring so far.... Nothing that hasn't been leaked or hinted at.
Not a "budget for growth" yet.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0
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