So that was the emergency budget then and as we might have guessed, VAT will have to go up to 20% in January, to claw back, in part at least, the hidden £12 billion or more that the last Labour government kept out of the books. In fact, the Treasury was so bare when they left office that even the most hardened political mouse would struggle to survive.
Elsewhere, the budget cuts are starting to fall hard and fast. Pro-rata, they appear to be falling hardest on those areas that have the highest levels of deprivation because, they relied so much upon them in the past. My guess is that it will take six months before the public start to realize what austerity really means to them, as local government comes to terms with the new financial landscape and some people if not everyone, will be very unhappy with the result. However, on a local basis, people may begin to grasp that council tax only covers a relatively modest proportion of the running costs of providing hundreds of different services through the Town Hall of any community and that the greater balance comes from County and Central Government in terms of grants, which in a number of cases since May 6th, no longer exist.
Both rich and poor, young and old, none of us will remain untouched by the consequences of the utter recklessness of the last decade. Gordon Brown started with our private pensions and effectively destroyed the best personal pension system in the world and having pawned-away our Gold as well, he left us as the most indebted nation in Europe weighed-down by an almost unimaginable burden of public sector deficit. I do note though that the new Chancellor has moved-on from the blame game to the challenge of balancing the books within the term of this new coalition government.
I was sent a new 'Blog' link earlier. It's a page devoted to the old Ramsgate airport. I'm too young to remember it but I do know some people with very happy memories of flying in and out of there.
The world, I suppose, stops for the England vs. Slovenia game this afternoon. All except council business of course; the show must go on and let's all hope that the England squad finally pulls some inspiration out of a previously lackluster performance and doesn't follow the disgraced French team home to Europe with a second class airline ticket and a nation's football hopes disappointed for another four years!