Reflecting on the Budget
Some ideas grow on you. The more you think about them the smarter they appear. The 2010 Budget was the opposite. It dies on me. The more I look, the more worried I get. Not only is it likely to worsen inequalities but it does so little for economic growth that we're unlikely ever to notice. Short of improvements in the economy beyond the government's control, such as a greater than expected improvement in world economic conditions or continuing improvements in produce prices, the living standards of the majority of working people will fall behind in the coming year, measured either in real disposable incomes or in prospects.