A budget Enron would be proud of
Osborne has been accused of using accounting tricks to hide a £56 billion hole in his budget. Falling growth and the risk of Brexit over the referendum have all pushed down the economy and this will soon have a knock on effect on tax receipts. Yes, he brought in new taxes, but he’ll have to charge a heck of a lot for sugary drinks to fill a hole this big. Even the Office for Budget responsibility (which he set up) are sceptical, while the IFS has warned of a risk of wages falling and that Osborne is “running out of wriggle room” in terms of his ability to meet his own economic targets.
As with previous budgets the poorest people in the UK are the worst affected
Furthermore, it is claimed that the numbers in this budget don’t add up and don’t…
View original post 2,216 more words