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Thursday, March 29, 2007

More budget blues

I am grateful for Stephen Tall who has drawn our attention to this piece from today's Financial Times report of the evidence given by Treasury officials to MPs on the Treasury committee examining the 2007 budget:

Officials were also willing to concede … that 5.3m families would lose from the budget changes; that government spending plans did not forsee the take-up rate of working tax credit rising from its current dismal 25 per cent; and that there would be no money in the autumn comprehensive spending review dedicated to fighting child poverty.

Not a good start to a Gordon's bid to be Prime Minister.
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