Emergency Budget – Far From Fair or Balanced!

I mentioned in my previous posting on the Budget, that further probing would reveal the ‘devil in the detail’. They would reveal themselves if there were any uncomfortable facts hidden deep inside the ‘Red Book’. There are such details and now they are public.

The details unearthed so far, not by Labour this time, but by, of all people, the Institute for Fiscal Studies (IFS) an economic lobby group, not noted for major criticism of Conservative Governments in the past, as it is about as right wing as they come. Robert Chote, of the IFS, has gone on record, with the evidence that tells the lie, to any claim that this budget was fair!

The IFS has now done a detailed analysis of the Budget, including the inconvenient facts, buried deep within the ‘Red Book’, it confirms the overall regressive nature of the Budget, that had been trumpeted, by some Government Ministers, as the ‘Fairest Budget in History!’ The use of such ridiculous hyperbole, now shows clearly the essential hubris running through the Government currently.

Some of the evidence for a ‘wake up and smell the coffee’ moment, was visible on Question Time on the BBC last night. Vince Cable batted for the Coalition Government, he visibly wilted in front of the audience as it appeared to have dawned on him, during proceedings, that the LibDems may just have been had on the Budget and he made a very poor job, at least for him, in defending his increasingly indefensible looking position. Audience reaction, to his attempts at justification, also appeared to strike home hard.

Looks likely that they have made a serious miscalculation on this one and there are already signs of LibDem backbench restlessness, as they are getting a wall of flak from their constituencies and in particular their own Party Members. To their horror, they have realised one important fact overlooked until now, they did not fight as hard as they did, in the General and Local Elections, for LibDem MPs just to become lobby fodder, to drive through such a draconian Budget as this one, now the full facts are appreciated.

This issue is in the process of testing the loyalty, of everyone signed up to the Coalition, to breaking point perhaps? We shall see?

Labours’ poor performance at the polls has resulted in one amusing happen stance, that may yet end up with the best Candidate for Labour Party Leader, not on the ballot paper. I speak of course, of Labour’s Deputy Leader, Harriet Harman, who may yet find her feet at the dispatch box, only to be superseded by someone else, with lesser ability.

Rik