“On Wednesday, the chancellor must take the opportunity to respond to the squeeze on living standards facing families, not only because it may help his declining popularity but because it is vital to the economic recovery that eludes him.” – Vidhya Alakeson, deputy chief executive, Resolution Foundation
“Anything that puts more money into the pockets of consumers to stimulate growth would be welcomed…such as an increase in the personal tax allowance for the lower paid, a freeze in the increase in fuel duty and a reversal of the 20% VAT levy back to 17.5%.” – Rooney Anand, chief executive of Greene King
“A nation trying to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.” – Winston Churchill
“In my 30-odd years of analysing Budgets, I have never known a situation as grim as this.” – Roger Bootle, head of Capital Economics
Wednesday is Budget Day and there is a lot of fuss about it this year – even more than in previous years, I’d say. I suppose it reflects the pickle we’re in. With so many people feeling the pinch, there are calls for the Chancellor to ease the squeeze on UK families. However another message, which is coming through loud and clear, is that the hard times are far from over…
BBC News has invited me to go on air, after the Budget has been announced, to talk about what it means for people like you and me. Now I am missing some vital info here. I know what I want: as a working mum, I’m all for the increased childcare breaks. I am just one voice though.
So over to you! Tell me: what are YOU hoping to get out of the Budget? If you had to pick one measure, which would make a real difference to your day-to-day life, what would it be? Childcare breaks? Suspended fuel duty? Something else?
Image credit: Tyne & Wear Archives & Museums.