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.
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
Share this story