Wednesday, March 16, 2005

Blogging the budget

First some pre-budget comments on quotes ripped off the BBC

For the Lib Dems David Laws said: "The chancellor will no doubt tell us today how wonderfully the economy is doing," he said.

"But a lot of that is built on an increase in personal and consumer debt over the last few years - that makes the economy quite vulnerable potentially if interest rates ever do have to go up in a significant way."


Lucky that Labour are in charge then. Low interest rates don't happen by magic.

Mr Letwin's claim that Mr Brown was planning a 40% tax on profits from house sales has been dismissed by Treasury officials.

Make that Letwin's cynical lie. I suppose the Daily Mail will be trumpeting the fact that there's no CGT on normal house price sales (note to readers, there is CGT on second house sales above a certain amount) would have happened if it wasn't for them causing a stink about it.

...shadow chancellor Oliver Letwin branding stamp duty a "classic Labour stealth tax".
So classicly Labour that it's been around since 1765, those dastardly socialists bringing in something over 150 years before being a government.

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