That budget yesterday, what to say?
A million tiny changes left right and everywhere. The concept of 'Nudge' taken to its extremes.
My question is, why does George Osborne think aping Gordon Brown is a good thing?
This is the man who sat opposite Brown for years and witnessed first hand the financial crash and is in charge of the miserable financial accounts of the UK.
And his recipe for success is to do more or less exactly that Gordon Brown would have done.
As the saying goes, I have seen this film already and know how it ends.
But really, sugar taxes to pretend to pay for school sports etc. Pure gesture politics.
The only real surprise, is hidden from most people, that commercial property has been whacked the same as residential. Now, when the same stamp duty was applied to Residential the market came off very quickly; so it is likely that commercial property will too.
Certainly this is a good thing in the round as the asset bubble in property is very full; however, it still dents growth prospects as so much of the economy is dependent on property. It is the only brave move of the budget yet the Government are too worried to crow about it. Bizarre.