On the 24th of March the Badger of Doom will stand up on his hind legs in the Commons and deliver a ‘vote for us’ budget.
It will be interesting to watch. There is an acknowledged deficit of around £178 billion. In fact it’s much higher than that once the Enron style PFI and pension liabilities are taken into account. On the other hand if he does raise tax, for example VAT to around 22% it will impact Labour’s chances in the election. If he cuts spending he’ll get the same reaction from the 30% of state funded individuals who plan to vote Lab.
The most likely outcome ? Duty on all forms of alcohol except Whiskey will go up. It’s a racing certainty.
The real budget will happen shortly after the election.
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