Gordon’s rainbow budget
Gordon Brown today announced the detail of his tenth, and final, budget. It has an environmentally green donation to African rainforests, a Labour-red increase in spending on schools and hospitals, a Tory-blue tax cut, and probably something Lib Dem-yellow in there too. Frankly, I got too bored wading through it to notice.
It’s the all-things-to-all-men budget. It sticks up for the little guy by cutting income tax, then screws them over to reward big business by increasing tax rates on small companies while cutting corporation tax. It tries to be green by increasing tax on the biggest gas guzzling cars, but then restricts itself to only the biggest gas guzzling cars. It claims to simplify the tax system by cutting the 10% rate on income tax - but confuses everybody by keeping it for savings income.
Perhaps the main message from the budget comes from all of the ensuing media coverage - nobody quite knows whether they’ll be better off or not, because this Chancellor has created a tax system so complex that it’s impossible for any human to get to grips with the changes right away. Yet he still gets his headline tax cuts, despite the fact that it’s likely many people will be worse off. So everyone loves him while also being screwed over by him.
It’s headline-driven sound-bite government. And they said Gordon Brown was different…
Interact with this post
» Leave a comment or trackback about this post
» Read others' comments, or subscribe to this post's RSS comments feed
Your Comments and Responses
Anonymous responds »
Gordon Brown is different. He is the only one caught pulling a bogie from his nose, eating it, then wiping his fingers on his tie. Check what’s in your sandwich if you ever get invited round for tea. And this man wants to be the next PM ???!!!!!! He has been the most devious, Tax, Tax, Tax and Spend, Spend, Spend Chancellor in history. The quicker he is got rid of the better and then we may all be better off.
» This comment was received at 21:07 on 24 March 07