View more on these topics

Budget will be “workmanlike,” says Darling

Chancellor Alistair Darling says Wednesday’s Budget will concentrate on encouraging private sector investment and long-term economic growth.

Darling told the BBC that “people want to see a sensible, workmanlike budget” and that there will be no “giveaways”.

He added: “The mood of the times is not for giveaways. People are not daft, they know perfectly well that we need to get borrowing down and secure [economic] recovery.”

Darling said that although Government borrowing needs to be tackled, VAT would not rise in the Budget.

The UK has one of Europe’s highest budget deficits, which is expected to reach about 12.6 per cent of GDP this financial year.

The Conservatives say spending should be cut more dramatically.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment