By Mike Indian

What must have been running through George Osborne’s mind yesterday?
Watching the Chancellor delivering his inauguration (and emergency) Budget, I’d like to think his mind was filled with the swell of Journey’s classic hit “Don’t Stop Believin’”. That was certainly the overriding theme of this vital first step in the government’s financial plans.
From the avalanche of sums, figures and forecasts, only a few numbers snowball their way into the minds of the public. However, the ominous rumblings at the news that VAT will rise to 20% will be impossible to dismiss. Regardless of the lengthy assurances and united front Osborne attempted to put up yesterday, this single fact looms at the vanguard of a host of concerns over the times to come. Read the rest of this entry »