The Great Debate UK

Osborne’s budget is “stupid” and “unfair”

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- David Byrne is a professor at the School of Applied Social Sciences, Durham University. The opinions expressed are his own. -

Reuters’ guest blogger Laurence Copeland omitted two words in his description of Tuesday’s budget – the words being ‘stupid’ and ‘unfair’.

It is stupid first because it is cutting demand – both from the public sector and through multiplier effects across the economy as a whole.

Lord Skidelsky, a Conservative peer, let us remember but also someone who has learned the lessons Keynes taught us, has warned us of the dangers of cutting public sector stimulated demand when the private sector is incapable of responding to a monetary stimulus.

Osborne’s budget alleviates worries over pensions tax relief

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-Joanne Segars is chief executive at the National Association of Pension Funds. The opinions expressed are her own.-

Osborne delivered a tough and important budget, but one issue he didn’t really square up to was the UK’s woeful record on saving for retirement.

Osborne unveils a momentous project

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-Laurence Copeland is a professor of finance at Cardiff University Business School. The opinions expressed are his own.

We were promised a Budget that would be a game-changer, and that’s exactly what we got today – ambitious, dramatic, and presented with conviction and confidence (as it needed to be).
The Chancellor had four objectives in view:

Pound recovers as Osborne outlines fiscal plans

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- Mark Bolsom is head of the UK Trading Desk at Travelex Global Business Payments. The opinions expressed are his own. -

As widely expected, Chancellor George Osborne took a tough stance in his first budget and unveiled some “unavoidable” cuts and taxes.

UK economy’s make-or-break budget

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- Mark Bolsom is the Head of the UK Trading desk at Travelex Global Business Payments. The opinions expressed are his own-

Later today, Chancellor George Osborne will unveil his first budget, where he is widely expected to take a tough stance. To the financial markets, this emergency budget is the agenda-setting piece of this parliament. Markets, media, consumers and businesses alike have all braced themselves for what has been billed as the sharpest fiscal tightening since the end of the Second World War.

Roger Bootle analyses the potential impact of the budget

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London-based Roger Bootle, director of Capital Economics and an advisor to business accountancy firm Deloitte, shares his thoughts on what Chancellor George Osborne’s budget may hold and its long-term effects on the economy.

Bootle suggests the coalition government must narrow the deficit for this year and give confidence to the markets that something will be done longer term to restore the economy to health.

Entrepreneurs needed if the UK is going to make up the deficit

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-Joe White is managing director of Moonfruit.com. The opinions expressed are his own. Join Reuters for a live discussion with guests as UK Chancellor George Osborne makes an emergency budget statement at 12:30 p.m. British time on Tuesday, June 22, 2010.-

The first Tory budget is a critical one. The Treasury and Chancellor George Osborne have been dropping hints for weeks about a big slash in public sector spending in an effort to try and prepare Whitehall for the worst, and to rally the private sector to step in and fill the deficit.

Taxes and the emergency budget

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-Julia Whittle is head of International at Punter Southall Financial Management. The opinions expressed are her own. Join Reuters for a live discussion with guests as UK Chancellor George Osborne makes  an emergency budget statement at 12:30 p.m. British time on Tuesday, June 22, 2010.-

It is highly unlikely previous Capital Gains Tax proposals will be reversed in Chancellor George Osborne’s first budget.

Osborne to show no sympathy for middle or high earners

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-Nick Earl is partner at chartered financial planners Wardour Partners LLP. The opinions expressed are his own. Join Reuters for a live discussion with guests as UK Chancellor George Osborne makes  an emergency budget statement at 12:30 p.m. British time on Tuesday, June 22, 2010.-

On Tuesday we will hear the first budget from new Chancellor George Osborne.

From the snippets of information we have heard from the Lib-Con coalition camp, I do not anticipate this budget will show much sympathy for middle or high earners.

Key tests for the emergency budget

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-Thomas Story is tax director at BDO LLP. The opinions expressed are his own.  Join Reuters for a live discussion with guests as UK Chancellor George Osborne makes  an emergency budget statement at 12:30 p.m. British time on Tuesday, June 22, 2010.-

Ten key tests by which Chancellor George Osborne will be judged when he delivers the emergency budget on Tuesday:

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