My knowledge of finance and economics is pretty darn weak so with summaries of the UK budget its probably best I just link summaries and let you draw your own conclusions. A few key points of the budget are however:
* A 4% cut on corporation tax
* 25% budget cut for all government departments bar Health and International development (stealth imperialism) with hints that education and defence will be cushioned somewhat from the cuts.
* Regressive tax VAT to rise from 17.5% to 20%
* £11bn cut from the Welfare budget
So anyway I give you: The Guardian's summary and some additional commentary form Left foot forward: A list of reactions to the budget and A refutation of the assertion the budget does anything for the poor.
Its not really a huge shock Cameron didn't want his face associated with all of this.
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