There have been so many responses to and analyses of George Osborne’s budget, so I won’t pretend that I can offer much new insight. However, one thing struck me very plainly: the real ‘something for nothing’ culture is alive and well, supported by millionaires, for millionaires. The cut in Inheritance Tax means that asset rich families will become asset richer, whilst those who can never hope to own significant assets do not see any benefit. The message: if you have lots, you’ll be rewarded with more.
This is NOT the politics of community or the economics for people I want to see.