Welcome to the New Normal. For veterans of recent budgets, the 2015 edition was, of course, most notable for what it did not contain. It is predicted that the 3 per cent deficit target will be met in 2015 without further tax increases and spending cuts. Compared with recent years, when the pre-budget lists of possible adjustment measures were dominated by all the things you managed to reject as undoable the year before, the 2015...
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