23 June, 2010

UK Budget

Mr. Osborne is to be congratulated for being the first Chancellor in my memory at least who, when short of money, didn't take it out on drinkers.

The reversal of the planned increase in duty on cider is good news. Cider always bore lower duty because it was classed as an agricultural product (beer wasn't). And yet in the South West of England you can get cider as strong as wine. I knew of a cider house where the glasses had two handles because the drinkers were shaking so much on their first of the day.

Of course the main point of the budget was to keep the financial markets quiet and buying our debt. In this I think Osborne has done enough - as I write 24 hours later the pound has risen over one cent against the euro.

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