23 March 2011

Budget 'giving with one hand and taking with the other'

Ed Miliband's pre-prepared attack on the budget was very keen to stress that it was 'giving with one hand and taking away with the other'. He claimed 'It's the classic Tory con.'

Ed Balls has been touring the TV studios saying similar.

Yet isn't this simply a definition of a revenue neutral budget?

And given the budgets his party produced over the last 13 years were giving to the current generation with one hand and taking it from future generations with the other - a few revenue neutral budgets along the way would have been a good thing.

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