Last year the spending cuts and the tax rises; this year renewal and recovery. That had long been the message offered by the Government in the approach to its second Budget, and the Chancellor, George Osborne was quick to assert the positive outlook of his statement. This, he announced, was the point at which he planned for the economy to move from "rescue" to "reform" and "from reform to recovery". The Budget, he argued, "would put fuel into the tank of the British economy", even though it would be "fiscally neutral across the period, neither raising tax nor offering giveaways".
Continue reading: Government strategy: a plan for growth
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