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Carl Malways writes on the budget 2008

PostPosted: Thu Mar 13, 2008 12:14 am
by simonwallace

Carl looks at the outcomes of the budget from 12 March 2008, including government forecasts, changes to income tax, increased alcohol taxes, stamp duty and many other factors.

"Today saw the announcement of Alistair Darling’s first budget. Not the most interesting budget because the Chancellor had little room to manoeuvre. On the one hand, the government is becoming increasingly unpopular which is stopping them from making any major steps towards raising taxes. On the other hand, the Treasury has overspent in previous years, which has reduced their ability to increase spending now the economy is entering a period of slower growth – and could really do with a little help from the Government."