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Old 03-21-07, 10:57 PM   #10
Tchocky
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Not bad, Gordon.
Brown has delivered better budgets than this, but he hasn't done much harm today. It does look like a paving-stone on the road next door alright.
Taxes overall stay about the same, that 2% drop isnt as amazing as it sounds. What I like about this budget is where the difference is made up, mostly through environmentally-related taxes and fees. Taking the load off of the worker and placing it somewhere where market-based efforts are the best way forward, damn good move. Of course, it it works, the tax system will have to change in a few decades, but that's alright.
Always good to see a drop in corporation tax, but this will likely be cancelled out by the raise in small business tax. Not good.
So there's not a huge difference in money in/money out terms, but a cautious improvement in where it's coming from. Just the kind of steady ground he'll want to base his succession on....
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