Ken Davy: The Budget did not disable savers
The good news came in the form of the Lifetime Isa and the increase to the Isa limit – as well, of course, as the U-turn on further cuts to the disabled
They used to say that a week was a long time in politics, but, following the shambolic events surrounding this year’s Budget, I think we can shorten that period considerably.
The Chancellor had hardly sat down before elements of his carefully crafted Budget proposals started to unravel. I believe it delivered some very significant benefits to savers, entrepreneurs and financial advisers.
Its Achilles’ heel was that while doing more for these groups, it tightened the screw on the disadvantaged, particularly the disabled. This contrast was so extreme that the initial rumblings of discontent from Tory backbenchers quickly grew into real anger and was ultimately topped off by the resignation of a key Cabinet minister.