Budget 2007

It's normal to want to finish on a high note, make the audience yearn for more.

Robbing Peter to pay Peter - that's how someone described the budget speech.
Chancellor Gordon Brown read out his budget proposals - just after the Tories were talking of tax-cuts he didn't just talk about he did it.

I'm so excited (I think I should rightly be)- with a 2p cut in basic income tax rate. From 22p in every pound to 20p with effect from April 2008. Wait a minute if you smoke and drink wine this might not work for you - rises of between 1p to 11p have been proposed for these luxuries.As if to prove he really wants people to quit smoking VAT on nicotine patches was cut to 5 per cent. Those who want to peg there family to government politics - it's time to get more babies! Lower income households with no children are losing - due to failure to utilise tax credits fully.

Corporate tax, after much campaign was also cut from 30p in the pound to 28p again from April 2008 - although capital allowances cuts seem to be the way to fund the CT reduction.
As expected the opposition have dismissed this as a 'con trick'.
Headline seeking budget? Again why not it's politics.

Elvis has left the building.