Spreadex Market Update
Budget Reaction
Changes to fiscal policy were unremarkable, too. But with the government targeting a reduction in the deficit to GDP to 8.3% for this fiscal year through to 1.1% by 2016/17, risks remain to public spending with respect to how this might be achieved.
Overall, though, it seems Mr Osborne tried to deliver a budget for a working Britain. One that hopes to foster business and enterprise, and provide clear opportunities for the backbone of the economy, namely, mid-cap organisations through accommodative taxation.
He spoke of, too, the importance of remaining internationally competitive, citing the likes of the BRIC economies as targets for future trade. These are all hopeful noises from a coalition government that has, regardless of what even Ed Balls might say, continues to balance the book of a nation that not too long ago was drunk on debt and asleep at the wheel.
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