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The pooling and sharing available within the UK made this tax cut affordable in a way that would simply have not been the case in an independent Scotland. But Mr Osborne was not doing this simply out of the goodness of his heart or his abiding love for the Union. There was self interest here too more investment now in the North Sea ensures that the black gold keeps delivering for the Treasury in decades to come, and helps ensure the industry infrastructure is in place to allow for the fullest possible extraction of the oil still under the sea. On the third criterion, whether the Budget will help bring Britain to full economic recovery, the verdict on Mr Osborne is much less kind. His 6 billion room for manoeuvre did not come about because of his genius or his economic acuity. It was the accidental consequence of low inflation caused by low fuel prices.
esidential election: "Are you better off than you were four years ago?"In Reagan's case, the American people actually were better off statistically speaking than they were at the start of Jimmy Carter's presidency. But they didn't have the feel good factor, and Mr Reagan rode that anxiety all the way to the White House. Mr Osborne used the Budget to try to engender a feel good factor about the economy, embellished by some selective statistics about disposable income. But despite his claims of a UK wide recovery it is questionable if the average British voter is feeling a warm and self satisfied glow, especially if they are surrounded by the wreckage of damaged frontline public services that once made a significant contribution to their well being. Industry experts including Sir Ian Wood were yesterday relieved that the Treasury had heeded their warnings about the scale of potential job losses through oil companies disinvesting or choosing not to invest. Sir Ian Nike Roshe Run Shoe Connection
It was a lucky break that allowed the Chancellor to produce a pre election Budget that could be presented as both prudent and generous. What Mr Osborne did not do was use the billions unexpectedly at his disposal to generate the extra growth Britain so badly needs. These billions were put to political use. With Nike Roshe Red Camo interest rates at a historic low, the money used to reduce the deficit could have been better used investing in infrastructure and public services. Should we be surprised a Chancellor puts politics before economic sense in a pre election Budget? But there is a difference between doing the right thing by your party and doing the right thing for your country. SCOTSMAN TABLET AND MOBILE APPSThis website and its associated newspaper adheres to the Independent Press Standards Organisation's Edito.
an industrial cataclysm that would have made Ravenscraig look like the closing of a corner shop.
The Chancellor did not hesitate yesterday to make this a constitutional issue. Nike Roshe One Women's Shoes Black/White
estimated last night that Mr Osborne's oil related tax changes could cut the potential lob losses in the North Sea from 80,000 to fewer than 10,000. This is fantastic news for Scotland. The crisis in the North Sea threatened Nike Roshe Run Black
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