How the Budget failed to erode the North-South divide
The Budget contained eye-catching measures to stimulate business investment, which has been lagging badly behind the current recovery, and to encourage exporters, whose performance has trailed off after a promising mid-recession uptick when the pound weakened. But there was little to address the scandalous unfairness of business rates about which I regularly hold forth. These punitive charges — ‘£26 billion for George Osborne that… he might otherwise have to take direct from you and me,’ I wrote last year — on which businesses have no vote and for which they get so few services in return, are still based on pre-recessionary 2008 valuations of commercial property. The next revaluation has
