Today’s Budget, the first Tory/Lib Dem
One since this Government formed, back in May
Saw the inevitable tightening
Of the national belt (or go the way
Of Greece, Ireland and Spain). And so today
The VAT rate increased to 20%
From January; that’s higher than they
Have ever set it here. Labour had spent
Too much, and the banks misgambled, and lent
Too easily. The Tories would have done
The same if they’d been in power. Now they
Are, shored up by the Liberals; indecent
Marriage of convenience? Surprised that some
Duty rise on booze and fags was delayed
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