Tuesday, October 14, 2008

Silver And Gold

Joke of a budget, snipping away here and there at the edges. No big ideas, nothing about investing in a recovery, nothing about genuine spending reform.

These money raising measures would be palatable if there was any sense that they would be used to bring us out the other side leaner and ready for action. But there isn't. It's all just random tax hikes with no guarantee that the total tax take will even hit budgetary targets.

As for me I don't know how the change in first time buyer tax relief affects me. But as it is the 1% levy and the increase in VAT and petrol and so on will simply have me spending less in response, and buying more from abroad where possible.
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