Caron Lindsay 12:30 pm
“A budget for working people” says George Osborne. We’ll see. I guess if you are a rich working person, maybe.
I’ve had an official hiding behind pillow for all budgets in the last five years. I need it more than ever today.
So, let the budget live blog kick-off.
The measures we do know about seem very much about giving to the rich and taking to the poor.
People struggling to get by, stuck in private rented accommodation, will find it hard to see Inheritance Tax thresholds being lifted to more than £1 million while their entitlements to tax credits are being limited.
It’s worth pointing out that those are exactly the sorts of measure that the Liberal Democrats spent the last five years stopping or at least limiting. Everything announced today would have been done by now if it hadn’t been for us.