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March 12th, 2008

A good budget?

Posted by: Avril Ormsby

darlin2.jpgThe headlines say it was a budget that hit drinkers, smokers and gas-guzzlers.

Chancellor Alistair Darling hiked up the usual “sin taxes” in his first budget.

But he also postponed a 2p rise in fuel taxes until October.

He also made a bid for the green vote with a call for a new road pricing scheme and for retailers to charge customers for plastic bags.

Analysts said he had little room to “pull a rabbit out of the hat” because of the slowing economy and global credit crunch.

And indeed, he cut growth forecasts and ramped up borrowing.

Has it been a good or bad budget for you? - And was it a success or failure for Darling?