BUDGET 2013
The Chancellor George Osborne pressed ahead with an austerity-first programme in his 2013 Budget delivered 20 March 2013.
He conceded that growth will be lower than earlier predictions and government debts higher this year than he expected, He maintained however that the Government must finish what it started in order to maintain the credibility of the international money markets and keep interest rates low.
Interestingly perhaps he referred to a Budget for Aspiration. But for who?
Growth next year is forecast to be 1.8% rising to 2.8% by 2017 but some scepticism must remain after forecasts have been reviewed downwards for some time.
For some the Chancellor is seen as a magician able to pull another rabbit out of the hat whilst for others the question is whether he still has the hat at all. Lets consider the key issues announced today……
To read the assessment provided by Walker Thompson Accountants please click here