Budget 2009
Overview by Bob Wheatcroft
Green Shoots or Shoot the Messenger?
The Budget statement started with the Chancellor announcing massive projected figures for public borrowing which he then followed with a prediction that we would be coming out of recession by the end of the year with growth reaching 3.5% by 2011. The key to the Budget will be the reaction of the markets to what many will see as optimistic forecasts.
The Chancellor had been left very little room for further fiscal expansion by the comments made by the Governor of the Bank of England and, unsurprisingly, he did very little. There were a couple of welcome measures aimed at businesses but the real headlines were intended to be political with the new top rate of 50%. It is a pre-election year after all.
We had been led to expect a Green Budget and a Budget for jobs. The environmental lobby is likely to be disappointed and the economic impact is likely to be marginal.
Click on the link to read the:
Armstrong Watson Budget 2009 Analysis
Click on the link to dowload a printable version of the: Armstrong Watson Budget 2009 Update Summary
Click on the link to order or download the: Armstrong Watson Budget 2009 Tax Facts