This Budget is phoney

Todays Budget is insincere and a waste of time. It will never be implemented. If the Conservatives are succesful in May then they will hold an emergency budget. If a failing Labour Government were unwisely propped up by the Lib Dems then they would have to revisitt he Budget as any measures needed to tackle our financial woes wont be addressed today.

Todays Budget will be about politics I’m afraid. The Chancellor’s growth forecasts are far too optimistic and again they are for political reasons. The higher they are the more money Gordon Brown and Darling can pretend they have to play with. The sad truth is it’s monopoly money.

The IFS (Institute of Fiscal Studies) as pointed out if the growth forecast are too optimistic and interest rates rise (which undoubtedly they will have to at some time) at the same time, then it could mean that the country is unable to service it’s debts. The General Election can’t come soon enough!