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Economic Briefing - Budget Special

Economists tend to get over excited whenever there is a budget: the combination of arcane theories, a
plethora of facts and figures, technical changes and a redirection of policy can be too much for some.
Thankfully this budget was a much more staid affair. For his first March budget George Osborne had little
room to manoeuvre given that last year’s paradigm shifting Comprehensive Spending Review set the
parameters for this year. Instead the Chancellor was left with tinkering at the margins of procedure and
regulation within what he promised to be a ‘fiscally neutral’ budget.