British budget more than just a balancing exercise

Corporation tax changes are at the heart of Osborne’s budget

George Osbourne
George Osbourne

Summer festival, summer holiday, summer weather. It’s hard to think of a less threatening descriptor than the word “summer”. The British chancellor, George Osborne announced his summer budget this week, the first significant political action of the newly-elected Tory majority government. Is it as benign as its moniker suggests?

When our current government was newly elected back in 2011, we had a “jobs initiative” a few months after, a summer budget of sorts ...