On Wednesday, George Osborne delivered the budget statement, which has been received by the right as very good and by the left with degrees of scepticism and even "there's no fooling us" type thinking.
The Sun were quick as usually to evidence itself for the Newspaper for frankly, idiots. Front paged with "Britain you can drive your car, beep beep yeah yeah yeah". As well as being a horrific play on a classic Beatles number, the observation at the 1p DELAY not cut, but DELAY in full duty rise is meant to be the reason for cheer from the Budget.
As Ed Milliband rightly pointed out, a 1p delay, following a rise of 3p because of the recent VAT increase under Osborne....
The fuel duty delay however is countered by increases in tax burdens for Oil Companies.
Aside from this, The Budget, as usual seems to benefit the working class, but the for the lucky rich there bear the brunt of various adjustments in Taxation.
Cooperation tax has also been cut, typically a Tory manoeuvre satisfying the middle England business executives.
As mentioned in an earlier blog, the announcement of 21 new enterprise zones, with decreased restrictions on councils as where best to build them. A fantastic idea.
The Daily Express led with the cheery sensation that the potholes will be repaired! Damage done of course was done there by Labour, not cold weather causing the road to crack as moisture freezes.
While the right wing press will argue the budget is what is needed, as a huge boost to the economy, being a Lefty i have to agree that the budget is a safe one.
What the budget failed to recognise, as indeed what the right wing press failed to realise is that of course, the budget follows the biggest cuts ever seen in Westminster, as the Tory's attempt the impossible in removing the deficit in this Parliament.
While the budget wont leave us that much worse off, what will occur is a decrease in living standards. What we will see is 500,000 job cuts in the public sector, a sector made up of 75% women who will then have to compete in the private sector, majority of course are men.
Emergency Services will see huge cuts. There is a huge risk that advancements in the NHS, reducing waiting times from 18 Months for example to just 18 days maximum under Labour.
Rising youth unemployment, as University's increase tuition fee's. £9,000 a year may well be acceptable at the top institutions, however as we have seen, it's a game of hide and seek, as each University breaks from cover, another does announcing they will charge the maximum. The less recognised Essex and Surry will be charging the maximum, as well as most other top 15 announced so far. Kids will end up thinking twice before going to Uni, and may well end up unemployed as a result.
What we're seeing is not in fact a hero in Osborne, as the right wing press depicted him, in fact a bit of a crook. The go into the Commons and fail to mention declining growth, and to fail to mention the Cuts, and still try and claim we're on the route to a prosperous Britain, is most certainly pulling the wool over our eyes.
Be warned folks, this is going to be a horrid era.
Surely cutting corporation tax benefits the big companies, the ones most likely to stimulate growth? But yeah, loads of good points.
ReplyDeleteSorry forgot i think its small businesses, 10 people or less or something.
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