Leaving aside this government’s dishonesty - that’s a matter for later days - I can genuinely say that, as a Tory, I thought it was a clever budget.
The potential difficulty with it is long term.
I strongly support housing reform so I’m happy to applaud moves in that direction. But I didn’t hear anything that made me think it will be achieved. More inspectors - which will take a long time to put in place - won’t help. They need to legislate for sweeping powers over the planning process. Maybe that will happen. If it does it will cost a lot of constituencies: that’s not a reason not to do it, but it will be a test of government’s mettle.
And the NHS injection looks like money wasted. The NHS might benefit from even more money, sure. But what it really needs is radical reform. I didn’t hear any emphasis on reform. Again, maybe that will come separately.
The downsides of raising so much tax by hitting business are slow burners. The spend-to-‘invest’ could work. But if it doesn’t, there will be hell to pay with unemployment and economic shrinkage.
The budget to watch will be in 2028.
BTW, I really can’t get behind RR as a good performer. It’s great that we have the first female Chancellor. But her delivery is terrible. Not as bad as Starmer’s, but still awful.