Budget 2012: Tippex still wet on the coalition agreement

Green Politics

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

E-mail-sign-up Donate

 

.

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.

George-Osborne-Chancellor-of-the-Exchequer-holding-Budget-2012-Red-Box-Downing-Street
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.

 

Sign-up to our weekly email • Donate to Left Foot Forward

No related posts.

12 Responses to “Budget 2012: Tippex still wet on the coalition agreement”

  1. Innerwisdom

    #Budget2012: Tippex still wet on the coalition agreement, writes @CormacHolly: http://t.co/bKfY6tFc #Budget

  2. Selohesra

    Highest rate tax reduction and deficit reduction are not mutually exclusive

  3. Political Planet

    Budget 2012: Tippex still wet on the coalition agreement: George Osborne’s budget has seen a complete change in … http://t.co/rbVVoWgw

  4. Newsbot9

    No, but this government will manage to increase the deficit when their “plans” come unglued and inflation and unemployment fail to be impressed with their ideology again.

  5. Extradition Game

    RT @leftfootfwd: #Budget2012: Tippex still wet on the coalition agreement, writes @CormacHolly: http://t.co/ko2peKSO #Budget #NewsClub

Comments are closed.