The most radical budget in years, with the latest concept of a National Living Wage the Chancellor wants a higher wage, lower benefit economy. The winners look like to be the pensioners, as they get to keep their benefits, its less of a good thing for those out work and businesses, but possible better for the countries middle income earners. The government appears to be looking after their support base.
There are welfare cuts as promised in their election manifesto, and a staged reduction in tax credits, that could deliver a whopping £4.5bn of savings. The budget has apparently been designed to give the government the opportunity to put the country on a path to a budget surplus in 4 years.
Solutions Edge 