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A tax-raising Budget

12 March 2008 13:42

The Red Book has arrived – and with it the magical Table 1.2, proof this is a tax-raising budget. We’ll all collectively pay the government £140m less in the next… Continue reading

1 Comment

Cameron v Balls

12 March 2008 13:39

Cameron’s enjoying a bit of a duel with Ed Balls.  After the latter again muttered something under his breath, Cameron responded: "Thank you.  I know he’s the Minister for Children, but he… Continue reading

4 Comments

But what would the Tories do?

12 March 2008 13:39

Cameron is making an effective attack on Darling and his non-Budget. He is rightly concentrating on the government’s consistent and substantial underestimating of budget deficits. But if the deficits are… Continue reading

5 Comments

Not a Budget performance from Cameron

12 March 2008 13:36

Cameron, also sporting a purple tie, is delivering one of his stronger performances. He has some eye-catching stats—Britain is in the same debt league as Pakistan, Hungary and Egypt—and sounds… Continue reading

0 Comments

Cameron steps up

12 March 2008 13:32

David Cameron’s begun his reponse to Darling’s speech.  He’s started well, and is taking on the Chancellor over his dodgy figures and misrepresentations – exactly the right approach.  He’s even… Continue reading

0 Comments

Not much to say, Darling

12 March 2008 13:26

He’s sat down already! So much for the spin that he would speak for an hour. He barely had enough for half an hour and eked that out to 50… Continue reading

0 Comments

Drinkers clobbered

12 March 2008 13:26

In an effort to stamp out binge-drinking, the taxes on alcohol will be increased.  Beer prices will go up by 4p a pint; wine up 14p a bottle; cider up 3p a litre.  And… Continue reading

0 Comments

A do nothing Budget

12 March 2008 13:20

We’re already into padding … a penny here, a penny there on various pet spending projects (schools, apprentices) which have already underperformed despite the billions thrown at them … and… Continue reading

0 Comments

Borrowing to soar

12 March 2008 13:16

Darling says government will be borrowing £14bn for the four years to 2010/11 – this is £20bn more than forecast at the Pre-Budget Report in October.

2 Comments

Here comes the green…

12 March 2008 13:16

It’s been billed as the "Green Budget".  Here are some of Darling’s green announcements:  1) The Government are considering raising the carbon emissions target, for an 80% cut in emissions by… Continue reading

2 Comments

Homes are where the votes are

12 March 2008 13:16

You have to say this for New Labour they have learned from Margaret Thatcher’s success in 1980s and understand how critical is for them to be the party of home… Continue reading

0 Comments

The crazy Cabinet

12 March 2008 13:06

Any citizen tuning in to the BBC to watch the Budget would conclude that we are governed by a wardful of maniacs. As Darling drones on, Jack Straw and Alan… Continue reading

2 Comments

Borrow, borrow and borrow again

12 March 2008 13:04

The bottom line of this budget so far: lower growth and higher borrowing … indeed higher borrowing for as far as the eye can see. There is not a surplus… Continue reading

1 Comment

Scant consolation

12 March 2008 13:03

The loans available to small businesses are going to be increased.  I suspect that small business owners would have preferred it if Brown hadn’t increased their taxes in Budget 2007.

1 Comment

Tackling poverty

12 March 2008 12:59

At the moment, the Government’s going to miss its target to halve child poverty by 2010 by some distance.  As expected, Darling’s trying to make up some of the ground. … Continue reading

1 Comment

"Investment" not waste

12 March 2008 12:53

Another Brown-style trick.  Darling’s just waxing lyrical about the "record levels of investment" in public services.  Never mind that we haven’t seen commensurate improvements in those services.  Never mind all the waste.  Like… Continue reading

1 Comment

Utterly bland

12 March 2008 12:47

The blandness of Darling’s speech is awesome: his tie may be imperial purple but his manner is scarcely that of a natural helmsman. What a contrast with the bullishness of… Continue reading

0 Comments

Treasury Purple

12 March 2008 12:47

Seeing Darling wearing a purple tie and Yvette Cooper a purple suit, one wonders whether some spin doctor has decided that purple best represents stability in a time of global… Continue reading

1 Comment

Misrepresenting the truth

12 March 2008 12:41

Darling’s just said that the UK is "better-placed" than any other country in the face of global slowdown.  Do check out Fraser’s table, which proves our Chancellor wrong. Plenty of… Continue reading

1 Comment

The word of the day: stability

12 March 2008 12:35

We’re only a few minutes in and Darling has already said stability at least three times. The phrase of the day is ‘global uncertainty’—which Darling and Brown think is their… Continue reading

0 Comments

Brownian emotion

12 March 2008 12:35

It’s like Brown never left No.11.  Alistair Darling started his Budget speech saying that it’s key purpose is "stability now and in the future".  I’ve already lost count of the… Continue reading

0 Comments

The table Darling doesn’t want you to see

12 March 2008 12:28

As I suspect we’ll hear the claim today that the UK is somehow holding up well in the face of the global slowdown, here is a handy table showing why… Continue reading

1 Comment

Blast from the past

12 March 2008 12:21

Pictures have just landed of Darling holding aloft the old Gladstone budget box – ditching the new one Brown’s constituents made for him in 1997. First time we’ve seen this… Continue reading

0 Comments

Mortgages and green taxation

12 March 2008 12:17

We’ve just put up two articles by Ian Mulheirn, the Chief Economist at Social Market Foundation. The first is on mortgages, and can be found here. The second, on green… Continue reading

0 Comments

Live Budget coverage

12 March 2008 12:04

With Alistair Darling delivering his Budget speech at 12:30, Coffee House is shifting into live coverage mode.  Expect frequent updates, as well as analysis from Matthew d’Ancona, Fraser Neslon, Martin Vander… Continue reading

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