Moving on from microeconomic matters, it’s bdget day and there is already a lot to talk about.

The budget looks set to focus on attacking the rich and successful but there are tax-cuts to look forward to as well. The starting threshold for income tax is set to increase to £9,000 but will still fall short of the minimum wage which is closer to £11,000. That leaves unresolved the contradiction that it is illegal to pay anyone less than 11,000 but still okay to tax them on two grand of that.

Regional pay, corporation tax cuts, and spending transparency are things to look forward to, even if there will be no line item for ineffective nonsense.

Mansion tax looks to be neatly avoided in a way that might just satisfy the lib dems and a 7% rate of stamp duty is perhaps the least worst option.

So, a little of interest but not exactly a libertarian budget.

What do you think?