YABU.
This was a terrible budget for those on low wages. The minimum wage may have been increased, but along with cuts to tax credits and welfare, it represents a drop in income for many, disproportionately those with less money.
I have stolen this from a friend's Facebook. (Apologies friend, I hope you don't mind but you summed it up so well!)
Key Budget Points
MINIMUM WAGE The eroded minimum wage will start to rise again, but not that much or that fast, and you still can't live on it, and it's been renamed.
BUY-TO-LET & HOUSING Rich landlords, that don't already own properties in companies will get a little less personal tax relief on BTL loan interest - but they'll still keep growing in wealth and number and may just put up rent, because they can.
THE BURDEN OF TAX Tax on companies continues to be cut - from 28% at start of last parliament, next to 18% - the lowest of all in the G8. Continuing the global race to the bottom. We pay more, or get less - so they can get more, or pay less.
WELFARE The safety net supporting the poor and sick has been cut further, almost across the board.
SUPER RICH Non-doms may be pushed to spend more time out of the country each year, but only if they've avoided tax for 15 years here first.
IPT Everyone who has insurance will pay a lot more tax on it.
TRANSPORT There are now fewer incentives for cleaner cars. There will be new roads, from new taxes. We must trust that the government will surely improve our overall transport system with this plan.
EDUCATION No-one, however poor, will ever get a grant again for education costs - the very last HE grants for the poor will now only be loans.
THE END OF THE WORLD We are still creating environmental armageddon and this budget only helps that probable destruction of life as we know it.
CONCLUSION Somehow today still ended up a good day for George Osborne, who wants to be our Prime Minister. And who probably will be, if Boris Johnson isn't. Get rich or die tryin'... to survive being ruled by those who are.