Will this be a Lib Dem or a Tory Budget?

Tim Farron, the Lib Dem president, told me yesterday:

I suspect that we are going to see a Budget which has got more Liberal Democrat stuff in it than Tory. The amount of money being returned to individuals will go overwhelmingly to middle and lower income earners.

He’s right, to the extent that by far the biggest spending measure announced by George Osborne tomorrow will be the increase in the personal tax allowance to around �9,000 – a move likely to cost around �3.3bn.

Source: http://feedproxy.google.com/~r/ft/westminster/~3/M57R4KtUErw/

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