The budget

The budget was announced on March 23rd, This to me was very interesting, The fuel duty was to be cut by 1p per litre. What should have been done to help the economy out more was to cut VAT on petrol so that way tax on oil companies will not bang it back onto the customers at the petrol pump.
Personal tax allowance rises by £630 to £8,105 in April 2012 this will still not help long term as cost of living is rising and people are living longer and in-turn paying more tax. This shows by the next announcement of state pension going up to the age of 66 by 2020. Borrowing is to fall to 122bn next year but would this really be true after events not so long ago that happened in Ireland and Portugal, with the collapse of the economy. My evaluation of this would be that surely borrowing would have to increase to help the EU out so that a depression would not happen as countries begin to collapse the euro will be majorly damaged.
The budget also announced that 100,000 more work experience placements will happen over the next few years but without financial stability there will be no growth which means no jobs.There is uncertainty and with that comes risk. Another step in the wrong direction for creating MSW for any company.