Budget 2012: Tippex still wet on the coalition agreement

George Osborne’s budget has seen a complete change in the economic direction of this government, writes Left Foot Forward’s Cormac Hollingsworth.

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The tippex is still wet on the coalition agreement (pdf).

Without mentioning youth unemployment or impending credit rating downgrades, George Osborne’s budget (pdf) has seen a complete change in the economic direction of this government.

Gone is deficit reduction in this parliament, and with the pain now been evenly shared with pensioners being nailed, the tippex is still wet on the change in the coalition’s primary goal:

“This document sets out agreements reached between the Conservatives and Liberal Democrats on a range of issues. These are the issues that needed to be resolved between us in order for us to work together as a strong and stable government:

“1. Deficit Highest Rate Tax Reduction

“The parties agree that deficit reduction cutting the highest tax rate and halving the deficit and continuing to ensure economic recovery is the most urgent issue facing Britain…”


See also:

Budget 2012: Impact per decile – the poorer you are, the harder you’re hit 21 Mar 2011

Budget 2012: It may do nothing for growth, but the fat cats will purr more loudly 21 Mar 2012

The charts that shame the “we’re all in this together” coalition 16 Mar 2012

Autumn statement 2011: “We’re all in this together” – when ‘we’ means the bottom 80% 29 Nov 2011

Budget 2011: Distributional analysis of coalition’s major tax changes 24 Mar 2011


The ‘Programme for Government’ promised “Freedom, Fairness, Responsibility”; funnily enough, like the “we’re all in it together” line, that soundbite was missing from today’s proceedings as well.


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