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Who would want to be in Alistair Darling’s shoes for Budget 2009?
With the UK economy declining more quickly than perhaps anywhere else in the world, all business sectors asking for financial help, falling tax revenues and a huge Budget deficit, he faces some very hard choices. Add in the fact that we must have a General Election by June 2010 and his job looks even harder.
Under such circumstances, the Chancellor has to be seen to make some positive moves but not spend the sort of amounts that can be cast as another huge stimulus package. Targeting immediate tax breaks at very discrete sectors and groups while setting out longer term plans to claw back the projected fiscal deficits will probably be the favoured approach.
Budget 2009 Podcasts
You can listen to our Budget podcasts by clicking on the links below which will launch them in your default media player. Alternatively, to download the podcasts to your computer, right click on the podcast links and click “Save Target As.”
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