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| Following pre-Budget tradition, Chancellor of the Exchequer George Osborne holds up his red Ministerial Box outside 11 Downing Street. |
It's Friday. It's financial. It's Friday Financial with JULIAN SAYER.
The
expression “Robbing Peter to Pay Paul” refers to times before the Reformation when Church taxes
had to be paid to St. Paul's church in London and to St. Peter's church in
Rome. Originally it referred to neglecting the Peter tax in order to have money
to pay the Paul tax. In other words taking from one to pay another.
With that
firmly in mind in another rambling look at the world’s economic problems, I fear that the Government's
shortcomings are being pushed on to the people who least can afford it.
In
essence, nearly every budget is always the same. The chancellor giving with one
hand and taking with the other. In these times of austerity it's never more
evident. George Osborne has to raise money in order to pay the UK’s ever increasing debt.
I could
write a piece on the details of the budget, but the news and papers are full of
reviews far better than I could write. If you really want the details you can
find them here:
