A budget to make you proud

Posted 24 Mar 2011 by Walaa Idris

Osborne’s budget was a good financial plan and let’s be honest this government was left no money to work with and a mountain of debt to climb over and manage but still found a way to be on the side of the people – the squeezed middle – and produce an account of hope, determination and realism – and create a budget that had all the right elements to kick in place a healthy recovery.

Yesterday’s budget was compassionate in helping those on the lowest incomes keep more of their money by increasing the Tax threshold to £8,105 and helped middle earners with petrol and income tax cuts. It was forward looking by backing the British economy, cutting corporation tax and reviving ‘enterprise zones’. It also provided first-time buyers with a boost by launching ‘First Buy Direct’ a new shared equity scheme aimed at helping young families into the property ladder and introduced the single – tier pension worth £140 per week.

What’s more it promised to crack down on tax avoidance strengthen investment into residential property with plans to reform the stamp duty and the inheritance tax systems.

Put simply Osborne’s budget, the coalition’s budget gave to the most venerable and took from those who can afford it – it wasn’t perfect for everyone, nothing ever is, but it’s as perfect as possible considering where we’re at and where we want to be.

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