Darling’s Budget takes shape
Yep, it's that time of the year again – when the government starts briefing about the contents of the Budget. First up, there's the news that Alistair Darling may cut projected borrowing figures by £5-10 billion, thanks to higher-than-expected tax receipts. And then there's Peter Mandelson's claim that new tax rises would have to be considered a year from now – implying, perhaps, that there won't many in this year's Budget. Many folk around Westminister were surprised that the government was putting out a pre-election Budget – especially given the sorry state of the public finances.