The easiest route for the chancellor will be to ladle out a few modest tax cuts paid for by stealth taxesBudgets enjoy their own rhythm. Chancellors like to marry economics and politics and that means getting all the sinister news out of the way early in a parliament so that there are goodies to be handed out when an election is looming.
Governments that break this rule tend to run into inconvenience so,in normal circumstances, George Osborne’s red box would be a full-blooded package of tax increases and spending cuts. Related: The case against Osborne is clear. But Corbyn has to provide an alternative | Aditya Chakrabortty Related: George Osborne fuels speculation of nasty budget shocks Continue reading...
Source: theguardian.com