Well I listened to the budget and it was certainly a barrel of news in parliament that even Guy Fawkes would have found hard to slip under the carpet. Even after all the softening up via the media since the election this was a profound declaration of intent.
Actually I believe we got what we voted for. A very sharp axe aimed with a fair measure of compassion in a very small and overcrowded room. There are going to be a lot of casualties but was it ever possible to avoid that? I don’t think so. So what do we do about it because the situation is clear enough, our fairy godmother is on her uppers and the buck is back where it started, with us.
There will be plenty of opportunities with the reduction of government services. The truth is that only the supply is being removed there is no reduction in demand and this will create significant opportunity. In my sector serving the “start-up company” market the increase in VAT is a positive boon. If you set up a new company and don’t trade over the VAT threshold of £70000 and that’s a lot of sales then you will enjoy a 20% advantage next year and that’s a significant advantage. There were a lot of incentives to help business and more promised over the following years. Those who find themselves on the wrong side of the sharp axe this year could do a lot worse than taking a good look at starting up their own business as well as looking for new job opportunities in the growing private sector.
Of course there will be very many people probably the majority who can’t find an opportunity in the near future and they will need help and that has to be all our responsibilities, not their fairy godmothers. There are a many places in the world that we have been eager to help and still do. Iit isn’t expecting too much that the same compassion we have found to help others can be directed closer to home when we can personally see the need.
Perhaps, just perhaps we will all be a bit happier with what we have as a result.

You know the VAT threshold is now £70,000?
(http://www.hmrc.gov.uk/vat/start/register/when-to-register.htm)
“. A very sharp axe aimed with a fair measure of compassion in a very small and overcrowded room” – brilliant
Comment by Ned Smith — June 23, 2010 @ 3:23 pm