Promises Delivered?
The economic recovery hasn’t quite panned out as planned, but
the Chancellor should be thankful for small
mercies. Considering the recent turmoil in the Eurozone,
Osborne must have been delighted to deliver his Budget safe in the
knowledge that:
- The Government is on target to undershoot the £127bn borrowing
forecast for 11/12
- The OBR is predicting 0.8% growth this year and 2% in 2013
However, with Moody's having recently stated that Britain is on
'negative watch' for its AAA status, Osborne had little option but
to keep on his current course of prudent financial management to
deliver economic recovery.
Watch our experts consider the impact of the Budget below or
join the debate here www.echarris.com/blogs
