I'm feeling obliged to post something about the budget.
There are far, far more qualified people than me to comment on the implications of this particular budget, but the overall tone of response is far from positive.
The Daily Mail and Daily Telegraph describes it as the dullest in history, while The Times concurs, suggesting that it will also be unpopular.
For some more in depth analysis of the possible consequences, Bloomberg feel that the combination of no tax rises plus increased borrowing will squeeze UK businesses while The Financial Times questions whether the Chancellor's economic forecasts are accurate.
My own view is that this is an extremely cautious budget that attempts to just weather an oncoming economic storm without really providing the tools necessary to do so. Taxing drinkers and petrol is hardly the way to do it, is it?
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