Darling’s Budget ‘dull’

Yesterday’s (March 24th) Budget has been labelled “dull” by one sector commentator.

Chancellor of the exchequer Alistair Darling told the Commons this week that small businesses will be provided with more credit, after many such firms have encountered difficulty in securing bank loans.

An agreement has been formed with Royal Bank of Scotland and Lloyds that they will provide a total of £94 billion of new business loans – with nearly half going to small to medium-sized enterprises.

Commenting on this year’s Budget, Ed Bowsher, head of consumer finance at lovemoney.com, said: “Overall, it’s a dull budget [… Darling] tinkered with stamp duty and revealed that government finances are a bit better than feared.”

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Now the Budget has been unveiled, the UK waits to see when a General Election will be called, according to reports.

It is believed an election will take place in May, although no official date has yet been set.

Posted by Ross George