What was I expecting? Well, I wasn't
expecting much, which from this government is usually a wise thing to expect. But this?
I knew hoping for some plan to reduce the public sector was a pissing-in-the-wind exercise, structural deficits not being something Labour governments grasp. But this?
They plan to increase NI, a tax on growth there badger-face, well done. VAT is still going back up at a very stupid time, and they're going to teach the bankers to give out bonuses. Oh yes, a 10% on money made from patents. Another anti-growth measure...
Now, as a one-off, I'm really not giving a shit about the bonus tax as it's a bit like complaining about the White Star Line's canape collection, post-iceberg. Windfall taxes are nothing new, and as long as there's a bit of understanding no one really gets inconvenienced - the government gets to look all banker bashing, when in actual fact no bonuses were harmed in the making of this desperate plea for votes. Sure, the bank have to go dig out the abacuses in order to circumvent the tax, but circumvent it they will.
Take a look at the other stuff though and you have a PBR straight from the Brothers Grimm book of fairytales. The original ones, the ones
without the Disney endings.
Under 24? Shit out of luck working for the last 6 months? We'll guarantee you training! Want some insulation? Have some! For free!
I'm seeing plenty of spending,
but very little in the way of where the fucking money is coming from. The sums don't appear to add up on the face of it, which is pretty bad as you usually have to dissect a Labour PBR to find the nasty surprises - this time the nasty stuff has crawled into view, however the banker bonus tax will probably outshine them...
We needed a statesmen like PBR, we got another political sop. We can rid ourselves of this troublesome lot soon enough, surely to the gods of shit and piss Cameron and his facile blue Vogons can't be any worse?