Government Budgets: The ceremony and the reality

The Budget gave scant regard to something rather important.

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9th June, 2012

The ceremony of innocence is drowned; The best lack all conviction, while the worst Are full of passionate intensity Despite the media extravaganza that still surrounds them, government Budgets are no longer the major economic statement of the year. The Government now has so many opportunities at other times, and its no-surprises approach means much is dribbled to the media in advance. The Budget has also returned to the old approach of being primarily a fiscal statement about what is happening to government revenue and spending. It contains little economic strategy, reflecting ...

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