I saw the budget live yesterday and have been following the coverage but I have had trouble raising myself to comment on it all. There was lots of Brownite twiddling with inconsequential details. For instance, it is lovely that Darling has made Â£100 million available to fix the roads. Apparently Â£4 million of this is going to London (why so little?). Our council alone has allocated Â£689,700 from contingency so you can see that Â£4 million across 33 boroughs and the City of London is a joke. The whole Â£100 million is 0.06% of the deficit so, so what? Our government will spend Â£167 billion more than it raises in taxes this year. We are truly, horribly screwed.
The Telegraph reckons that Darling has raised taxes by Â£19 billion. At the same time Darling talks about Â£11 billion of savings to be made in the next financial year to start in April. Only an analysis by the TaxPayers’ Alliance shows that more than half of this is “unspecified”.
We have just had yet another tax and spend budget from a government that refuses to acknowledge that it has blown the public finances. Although the deficit for this year year will apparently only be Â£167 billion rather than Â£178 billion we are in big trouble and Darling and Brown refuse to be honest about it. Darling admits that the next government will have to be harsher than Thatcher. Do you trust Brown/Darling to deliver the medicine? Still less Clegg/Cable?