Blog: A 'growth' Budget overshadowed by disappointing... growth
The chancellor changes tack but will his new focus on growth work
SO WHERE DOES the Budget leave us?
Take chancellor George Osborne’s own words: “From rescue to reform, from reform to recovery” as a guide and there’s little doubt he believes we’re locked into the reform stage for the UK economy.
The Budget did go some way to change the debate. The speech (sometimes a poor judge of a Budget’s content) fixed on growth as its central theme and hammered at it for all 57 minutes. Osborne’s intent was to leave voters and the markets in no doubt that he isn’t just a one trick pony banging on about cuts, but has indeed switched tack to get into the growth groove. Indeed, together with business secretary Vince Cable, the chancellor produced an entire report about growth that went out with the Budget papers.
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