Chancellor Osbourne’s Budget- will anyone be happy tomorrow?

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By Holly_Berry | Monday, June 21, 2010, 17:22

It’s starting to look as though Lib-Con Chancellor George Osbourne’s budget tomorrow may not leave anyone happy.

“What we’re clear about is that all parts of society are going to have to make a contribution,” he has said.

There certainly seems to be some truth in that statement, given the indications that there will be a supertax on banks, a rise in capital gains tax, a public sector pay freeze of at least one year and a hike on public sector pension contributions, in addition to unprecedented welfare cuts.

Before the contents of the budget has even officially been announced, Osbourne’s various decisions have attracted critics from all sides, from entrepreneurs and fellow Conservatives John Redwood and David Davis to trades unions, charities and Lib Dem back benchers.

On the subject of supporting possible welfare cuts, Lib Dem MP Bob Russell is quoted in The Telegraph as saying, “Just because my party has formed a coalition with the Conservatives does not mean that my conscience and principles can be parked elsewhere.”

Do you work in the public sector or for a charity? Or will you have to pay capital gains tax in the next couple of years? If a these predictions become reality tomorrow how will you be effected?

      

Comments

       
  • Profile image for MarlboroMomma

    The capital gains tax rise could affect me, but I am lucky to have a second property. I think people like me who are slighty better off should be feeling the pinch rather than the charities and the people with children who genuinely are genuinely in need of welfare help who could be affected.

    By MarlboroMomma at 13:58 on 22/06/10

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