Yes ! it is that time again .......
What time ? I hear you ask . What else the Budget time.
The Chancellor proudly coming out of his official residence with the traditional red leather brief case in his hand posing to the cameras !
It is the most important thing that affects each and individuals in different ways yet majority of us will just walk through as if we are sleep walking .
The budget day is the single most important day that make or break a country`s economy.
it is very important and interesting to watch the budget that is being proposed by a Conservative chancellor who happens to share a coalition government with Liberal Democrats.
The ironic thing is that each of the party has to cross the line that they set in their manifesto to be flexible in a government that they have to share it`s values with each other.
Liberal democrats who hardly had any experience of setting up Budgets in government in the recent history, who until last year was only airing their opposition to the party in power thinking that they would never be sitting in the hot seat themselves. In a swift turn around finding them selves in the very same hot seat.
We as a country facing a very bleak economic situation. Events that was the outcome of global economical overheat coupled with Banks acting over enthusiastic in risk taking has plunged most of the countries into a hole that they finding very difficult to get out of.
The strategy for the road to recovery is not far different according to the both main parties Conservative and Labour. The difference is how deep and how fast the cuts need to be. Conservative party along with Liberal democrats are taking a severe cut method while Labour in the opposition keep advicing the government to slow down.
The fruits of the policies will only be revealed in time but politically where will the Liberal Party be at the end of this current parliament.
All along Liberal Party has been seen as a party with genuine liberal views. But because of a rarer chance they had to be part of the government they had to change their approach .
Whether this is justified or not we have to settle for the good old statement that the " end will justify the means".
What will the forthcoming budget will hold? Will it reflect the fact that the conservative party are the major players in the coalition Government or will it show the influence Liberal Party has in this Government.
While Conservative party secretly wishing for the 50p tax rate to be abolished Liberals are forcing the introduction of a Mansion tax.
Involvement of our government in International affairs has to be minimised to get the economy to start to pick up. That is the only way local people`s frustrations will be relieved.
The theory of the Government that any people who lose their jobs in the public sector will be absorbed by growing private sector has failed to materialise.
There are little hopes of recovery appearing here and there but how stable is that? still a question mark.
It is a big opportunity for the Chancellor of the Exchequer to correct any offset that was caused by his last budget. It is evident that his forecast based on the last budget has not gone according to the predictions.
It is not fair to say the cause for that is the last budget. The instability of the economic recovery of the European countries has not helped British Economy to have a healthier growth. But having seen the difficulties now it is in Chancellor`s hands to do everything that he can to stimulate the British economy.
What are the difficulties for the average citizen ?
As they say the road to recovery is a long one with unexpected bends along the way hence our mindset need to be flexible to accept the sudden changes.
looking at the events it is evident the dent of this governments action is going to be more evident in Liberal Democrats support.
It is true that they have changed their positions in many manifesto pledges. None more significant than the college fees for the undergraduates. In addition to that the sweeping changes that are being proposed on the NHS is not going to be a easy one to be digested by Liberal Democrats.
the severe test for the concept of coalition is yet to come . There is another 3 more years to go in the life of this parliament and the hurdles that need to be jumped on the way are very high ones to come out it unscathed is very difficult.
Due to all these facts the forthcoming budget is a crucial one for the country and parties in the government none more than for the Liberals.
After all in the next election they have to justify their actions to the public while keeping the integrity of their individuality intact.
Let us see what the red box is going to reveal on the day. Will it help to shape up or ship out ?
Sakthi Sakthithasan
11.03.2012
What time ? I hear you ask . What else the Budget time.
The Chancellor proudly coming out of his official residence with the traditional red leather brief case in his hand posing to the cameras !
It is the most important thing that affects each and individuals in different ways yet majority of us will just walk through as if we are sleep walking .
The budget day is the single most important day that make or break a country`s economy.
it is very important and interesting to watch the budget that is being proposed by a Conservative chancellor who happens to share a coalition government with Liberal Democrats.
The ironic thing is that each of the party has to cross the line that they set in their manifesto to be flexible in a government that they have to share it`s values with each other.
Liberal democrats who hardly had any experience of setting up Budgets in government in the recent history, who until last year was only airing their opposition to the party in power thinking that they would never be sitting in the hot seat themselves. In a swift turn around finding them selves in the very same hot seat.
We as a country facing a very bleak economic situation. Events that was the outcome of global economical overheat coupled with Banks acting over enthusiastic in risk taking has plunged most of the countries into a hole that they finding very difficult to get out of.
The strategy for the road to recovery is not far different according to the both main parties Conservative and Labour. The difference is how deep and how fast the cuts need to be. Conservative party along with Liberal democrats are taking a severe cut method while Labour in the opposition keep advicing the government to slow down.
The fruits of the policies will only be revealed in time but politically where will the Liberal Party be at the end of this current parliament.
All along Liberal Party has been seen as a party with genuine liberal views. But because of a rarer chance they had to be part of the government they had to change their approach .
Whether this is justified or not we have to settle for the good old statement that the " end will justify the means".
What will the forthcoming budget will hold? Will it reflect the fact that the conservative party are the major players in the coalition Government or will it show the influence Liberal Party has in this Government.
While Conservative party secretly wishing for the 50p tax rate to be abolished Liberals are forcing the introduction of a Mansion tax.
Involvement of our government in International affairs has to be minimised to get the economy to start to pick up. That is the only way local people`s frustrations will be relieved.
The theory of the Government that any people who lose their jobs in the public sector will be absorbed by growing private sector has failed to materialise.
There are little hopes of recovery appearing here and there but how stable is that? still a question mark.
It is a big opportunity for the Chancellor of the Exchequer to correct any offset that was caused by his last budget. It is evident that his forecast based on the last budget has not gone according to the predictions.
It is not fair to say the cause for that is the last budget. The instability of the economic recovery of the European countries has not helped British Economy to have a healthier growth. But having seen the difficulties now it is in Chancellor`s hands to do everything that he can to stimulate the British economy.
What are the difficulties for the average citizen ?
- Rising cost of living
- Specially ever rising energy costs
- Continuous rise of the fuel price which in turn pushing the cost of essentials
- Ever increasing unemployment among the youth
As they say the road to recovery is a long one with unexpected bends along the way hence our mindset need to be flexible to accept the sudden changes.
looking at the events it is evident the dent of this governments action is going to be more evident in Liberal Democrats support.
It is true that they have changed their positions in many manifesto pledges. None more significant than the college fees for the undergraduates. In addition to that the sweeping changes that are being proposed on the NHS is not going to be a easy one to be digested by Liberal Democrats.
the severe test for the concept of coalition is yet to come . There is another 3 more years to go in the life of this parliament and the hurdles that need to be jumped on the way are very high ones to come out it unscathed is very difficult.
Due to all these facts the forthcoming budget is a crucial one for the country and parties in the government none more than for the Liberals.
After all in the next election they have to justify their actions to the public while keeping the integrity of their individuality intact.
Let us see what the red box is going to reveal on the day. Will it help to shape up or ship out ?
Sakthi Sakthithasan
11.03.2012
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