Budget thoughts

After that Budget, I know what its going to cost me but I'm unsure what I'll gain.

What worried me?
1. that the finances will not be back to normal till after 2015. 2 elections later
2. the optimistic view that growth will return in a year.
3. if this view is wrong then....
4. will VAT cuts get passed on to customers in all sectors?
5. the cut in public spending, so only 1.2% increases instead of 1.8%. If wage deals are 3year then there are going to be some real redundancies in schools, health and councils.
6. the cuts in public spending don't account for the National Insurance increases schools, hospitals will face in the future.Budgets are going to be very difficult.
7. the size of the borrowing, up to 57% of GDP.
8. the denial that Gordon and Alistair had any role in this "American caused recession!"
9. the budget admits there are significant uncertainities in the figures. More tax increases may be needed. Lets hope not.
10. if the Banks dont start lending then this stimulus is wiped out.

Finally, why wasnt it a tax cut for the low paid. The people who need it most. Some have no more to spend, some have borrowed to their limit, so how does cutting VAT help?

As for the Tories, exactly what would they have done? For a party of deregulation they have few answers.