Bronwen Maddox: George Osborne's Budget shows he has learnt the lessons of power
George Osborne’s Budget – the first purely Conservative Budget in nearly 20 years – was “radical”, “far-sighted”, “tactical as ever”, though not without its weaknesses, according to Bronwen Maddox, Editor of Prospect Magazine.
- He maintained his credentials as the austerity Chancellor set on balancing Britain’s books. But his numbers relied on contestable projections.
- Measures increasing the burden on the wealthy are unlikely to offset anger at welfare cuts. And the Budget had little to say on education and tackling the UK’s housing crisis.
- However, the strength lay in his measures aimed at increasing UK productivity and developing a high wage economy.
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