A budget to excite a micro-economist?

Well, today was Budget Day. I don’t normally get worked up about this anymore as I’ve lived through so many. But we certainly live in interesting times as Chancellor George Osborne attempts to avoid the “triple dip”. Because little else has worked since the election he has reverted to some good-old fashioned Keynesian Economics – fashionable so long ago that I was then a mere ‘A’ level student.

You can read about the package here

Spending on infrastructure for example, major transport projects such as High Speed 2 is widely believed to have a positive effect and unlike cutting taxes means there will be something tangible at the end of the day for future generations.