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No Election budget
It is budget day tomorrow and as with all budgets since 2008, there are only likely to be thin pickings to be had.
Governments make a big deal of £500 million of spending on schools or whatever is their fancy for the year. Then they re-announce big already budgeted infrastructure spend and also re-announce normal spending commitments made over years as if they are new.
All not very exciting. Worse is that invariably the tax take goes up and up forever. That NHS keeps needing spending and the low wage subsidy economy is a very expensive thing to run.
So it seems taxes can never go down and all budgets are declared ‘AUSTERITY’ budgets by the left as spending can only ever be increased.
Personally, I find this depressing. The NHS is very important but clearly a machine that sucks in so much money needs looking at. The huge government spend on pensions sticks out even more to me though. These commitments need to be vastly reduced if future generations are to survive or even draw their pensions.
But as every Chancellor knows, problems more than 3 years out are someone else’s problems….
Source: http://www.cityunslicker.co.uk/2017/03/no-election-budget.html
