It's late, been working all day since sunrise and more tomorrow so only a few snippets. I see Dale has a good view on the budget and plenty of stuff. More on Doughty Street too which I have on at the moment. Chris Dillow makes some good points, as ever does Wat Tyler.
So my few musings...
1 - In the small part of the speech that I heard today Brown said that this budget was broadly fiscally neutral. So in English that means taxes have gone up a bit overall.
2 - So clearly, all this nonsense about tax cuts is just that. It is noticeable too that some of the proposed 'cuts' or changes are for 2009 or even 2010. Beyond the life of this parliament and hopefully his government. This really is disingenuous politics of the first order.
3 - I am worried though if the media let Broon get away with this sort of lying rubbish (and robbing the poor too!) then the Tories are in for a tough time. Serves them right for being so weak-kneed on tax cuts themselves.
4 - The spending taps to the NHS and Education are still on. This worries me as it is not investment. All the money goes on salaries, pensions and perhaps some failed IT projects. This is money thrown away, all the while the public debt of the country is rising and not being paid off. A sensible government would have a huge surplus now to help come with the coming downturn.
5 - Finally, it is clear to most economists, the bond markets and equity buyers that the world economy, led by the US is going to slow. But not the UK according to magic Gordon?