Was this a Budget for growth?

Ruth Porter writes for Total Politics

 

The classic test of Budgets in these tough economic times is whether they’ll help with growth. On these terms George Osborne and the government get a mixed score for the measures announced yesterday.

Reducing corporation tax to 24% next month, increasing the personal allowance to £9,205 and reducing the top rate of tax to 45p are the key tax changes that will help with growth.

On the supply side both liberalising Sunday trading laws for a time and relaxing planning rules will make it easier for businesses. Regionalising public sector pay could also be a powerful tool for helping rebuild a thriving private sector in the regions.

Read the rest of the article here.

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