Today is the day George Osborne's looking to cast off his millionaire background and set himself as a man of the people. Or something.
There are some expected outcomes from today, however much of the real fun will occur in June when the expected cuts he's going to announce today actually get set out by his cabinet colleagues.
George Osborne's 2013 budget to bring tax relief for lower income workers | UK news | The Guardian
1. Tax Free Allowance to be moved to £10,000 (A big big win for the LibDems)
2. 2.5 billion extra for capital projects
3. Fuel Duty increase either postponed or scrapped.
4. 2% cuts accross most Govt Depts.
5. Expansion of the plan helping people get on the property ladder.
And that seems to be it. This isn't going to be revolutionary at all, and it will be interesting to see what the reaction is.
At the moment there's a chronic shortage of confidence in Osborne held by everyone who's not David Cameron.
He set 4 objectives
1. Maintain the AAA rating (Seriously, can someone tell me why outside of vanity?)
2. Cut the deficit
3. Cut borrowing
4. Reducing the debt
5. Increasing growth.
They have failed every single one of these. It really is time he started listening to Vince Cable.