Budget 2010 Today

So today's budget day. How do you all feel about it?

At this stage it's too early too tell exactly what shape of budget George Osborne's going to make, other than cut-shaped. yes, there's going to be deep cuts.  It's believed in some quarters that the government are going to impose a "steep rise" in VAT, which makes me wonder - how steep is steep? After all it's not that long since VAT went back up to its current level. I'd say steep probably then means an increase to 20%.

Then there's the talk about the NHS - even if funding is ringfenced, it could conceivably drop in real terms. Definitely time to think about the benefits of health insurance for small business

Other notable changes that are reported to be afoot: changes to the tax threshold meaning that lower earners would be better off. It's good to know there will at least be some winners....

Our next post will cover the budget in light of what it actually delivers, so until then it's fingers crossed that the chancellor can bring us out of recession, cut the deficit, deliver full employment, etc etc...