The chancellor’s budget is weird. Either there’s going to be economic pain before polling day in 2020,or more elaborate scheming is afootThe morning after the chancellor sits down to cheers is usually the moment when hidden horrors tumble from out of the red box. But the chief sense I have absorbed from George Osborne’s smallprint thus far is not wickedness, but weirdness. The plan is for a pretty meaningful loosening of the purse strings, or reaching nearly £8bn by the middle of this parliament,and then a seriously sharp contraction – of £14bn – in the instant rush-up to the general election. indistinct future cuts would become concrete and specific, and higher taxes would start to bite just before the British public were due to have the scheduled say on their government. Related: The price of Osborne's failure is being paid by the most vulnerable | John McDonnell Continue reading...
Source: theguardian.com