Business
Faisal Islam: This Budget was micro and that was deliberate
Chancellor John Healey's plans fall short of radical action to create a promised new economic model.
BBC Business•
Small does not necessarily mean bad, but it clearly falls short of radical action to create a promised new economic model.
It was preamble, roadmap, consultation, perhaps the starter to the main course, which appears to be the PM's 10-year plan next month.
This "steady as she goes" predictable fiscal event set out to avoid the aftermath seen following Liz Truss's mini-budget, in which unexpected and unfunded tax cuts spooked the bond and currency markets.
There are two further areas where the chancellor laid down markers, with little fiscal cost, in terms of the long term plan.