Osborne's first Budget provides mood music businesses want
Who with a blank canvas would invent the Budget? This strange piece of political theatre basically involves the Chancellor of the day packaging up a series of micro-managing pieces of tax-fiddling into some form of narrative for the Government. Certainly, the format is at odds with the fact that the Government's tax and spending policies are supposed to be decided over the medium to long term. And with Pre-Budget reports, pre-election Budgets and last week's 'emergency' Budget, it seems some form of budget is becoming almost a seasonal occurrence. Yet even for the cynical, the first Budget of a new administration is one of the rare occasions in which the process carries real policy significance.
Budget seen as providing a deft balance between austerity and pro-business policies
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