2010 Budget
Here are the edited highlights of the budget as I see it and my own opinions on some of the topics covered. The Chancellor, MP George Osborne has today laid out his budget, which the Treasury has described as “fiscally neutral”. Let’s see… The growth forecast is set to be 2.5% in 2012, 2.9% in 2013, 2.9% in 2014 and 2.8% in 2015. This is all fine but when inflation is currently at over 4% we need to keep a check on this and make sure this doesn’t get totally out of hand. Inflation is set to stay at around 4%-5% this year, 2.5% in 2013 and 2% in 2014. For savers the high interest can be a good thing but for those who are looking to buy first time it could make things even harder. Inflation has not been this high for some time and we do not want this to get out of hand. There are already resonances from the last time the Conservatives were in charge. Borrowing will reach £146 billion this year…wow. 43 tax reliefs will be abolished taking out around ...