The Chancellor promised a Budget “for people who aspire to work hard and get on”. He also said that it is fiscally neutral. That means that anything he gives to one group of taxpayers must be funded by taking from others. So there will be winners and there will be losers but in practice very little has changed for most people and privately owned businesses.
We are particularly encouraged by the promise to stimulate growth in the construction industry by underwriting deposits for new homes, and not just for first time buyers, but unfortunately, construction looks to be an isolated sector and there were few other industries where significant new measures are likely to trigger a surge of additional investment. Of course, if the construction industry can be stimulated we would assume that there will be a positive knock on effect on others.