Worsfold's Wisdom: A controversial Budget

This is not unusual for the first Budget of an incoming administration - just look back to Gordon Brown in 1997 or Geoffrey Howe in 1979, or even (I shudder at the memory of the economic disaster that followed) Anthony Barber in 1970. You have to remember that Budgets are as much political events as economic events and it is the twin political pressures of wanting to mark out the new government's territory and to set a course that delivers a hoped for prosperity nicely timed for the next General Election that does as much as anything to shape a Budget. There is alot that is bold about...