The Pre Budget Report

Of course we are not out of the woods yet, but this does help us towards that. It gives a lot of people a financial lifeline when they need it. In terms of public industry, it is right (as in any recession) for belts to be tightened.

Predictably the opposition parties are not impressed, as to them this means "******, this might cost us the election!" That said, I am glad that Vince Cable (an opponent I respect), agrees with the incentives given to small businesses, what a pity then that he calls it a "good budget for bingo and boilers" and referred to the tax on excessive bank bonuses as "gesture politics". I expected better of him than to go for the cheap jibes. That's something I would expect from others