Asset Allocator's Soapbox

The Rt Hon Alistair Darling MP delivered the UK Budget on 24 March and we could all be forgiven for wondering whether it was worth the effort. Budgets are supposed to set out a government’s plans for taxation and spending, but this one was quite frankly nothing but a cynical piece of electioneering. After all we had already been told of the Government’s taxation plans in the Chancellor’s Pre-Budget Report some four months ago, and the real scale of the Government’s spending commitment clearly will not be revealed until the comprehensive spending review in the autumn. So all the Budget di...