Well, ‘Houdini George’ seems to have managed to keep our deficit reduction plans on target by the end of the Electoral Term with a small surplus thanks to Tax Receipts that are greater than expected. Whether these will be recalculated along the way who knows? One hopes that the Chancellor has not been imprudent here by assuming that all is ‘well with the world’.
Education and Healthcare were ring-fenced as expected and Defence spending meets our NATO commitment of 2% of GDP as promised. Everything was ‘rosy in the garden’ until the subject of Housing was brought up. Continue reading