Hamish McRae
One of the country’s most respected financial journalists and commentators Hamish McRae is an associate editor of The Independent. He was named Business and Finance Journalist of the Year 2006 at the British Press Awards.
Hamish McRae: A dud – but whoever wins in May will walk into a minefield
So there we are. It is a Budget that defines the political debate more sharply but leaves the economic outlook as clouded as ever. Voters will make up their minds about the politics, but the harsh reality is that whoever wins the election will have to produce a revised Budget very fast. There will most probably be the emergency Budget in June, as promised by the Tories. But even were Labour to get back in, it could not continue with the outline sketched yesterday. It would have to explain its deficit-reduction plan in much more detail and almost certainly revise it so that it cut the deficit faster.
Recently by Hamish McRae
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Hamish McRae: We must resist the temptation to pile pressure on the BBC.
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We should be aware that low interest rates may not last many more months
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We need to think not just about how to get richer but how to use wealth more wisely
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Columnist Comments
• Hamish McRae: The Budget was a bit of a dud...
... but whoever wins in May will walk into a minefield
• John Lichfield: The deflation of President Sarkozy
He is in a double-bind, excoriated more for his rhetoric than for his achievements
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Its greatest fear in its relationship with the West is marginalisation
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