Nick Clegg has admitted that today’s Emergency Budget is “one of the hardest things we will ever have to do”. A tough package of tax increases and spending cuts will be revealed, designed to tackle Britain’s £155bn deficit.Real Business has brought you predicted announcements, the ideal Budget briefcase for entrepreneurs and the furious reactions to the government’s CGT plans. Our live blog during George Osborne’s speech kicks off at 11.50am. The Twittersphere is abuzz with comments about today’s Budget. Our favourites so far: @businessgp If CGT goes up does that mean when the Government sells the banks we bought we will be taxed at 40% on them? @uklandagent Crunch day for the budget. We’re all likely to be a little worse off but sure the longer term benefits will be worth it. @matt_zarbcousin When the Tories say “we didn’t fix the roof when the sun was shining” they could be talking about school and hospital roofs in the 80s. @Kevin_Maguire Much made of George Osborne being youngest Chancellor for long time. More relevant is this axeman’s also the the richest @joolspayne Am I the only one filled with a sense of gloom and foreboding at the forthcoming budget?
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