There's some of the moves that just make no fucking sense at all.
It's nice that I'm £500+ better off a year as a result of this budget. But really, I'm doing ok. Not really where the focus should be.
It also brings forward some business investment but doesn't change the net forecast over the next 5 years, at the cost of a decent chunk of change in tax.
The biggest impact of this budget is the failure to move income tax brackets, dragging another 1.5 million people into the highest tax band over the next 4 years, 700-800k in the next year alone.
Slightly beyond that tax bracket is a very, very nasty tax trap:
If you earn £50k, as main breadwinner, with 3 young children and have a student loan, then your marginal tax rate is 80%.
Well, it's now 78%.
That is not an unusual or unrealistic scenario.
Additionally, this budget did absolutely nothing for the lowest paid, as there's an allowance at the bottom end for NI, so if you earn under £12.5k a year, a drop on the tax rate above makes no difference. Almost half the benefit from this budget goes on the richest 20% of households.
And of course, they're screwing down on welfare recipients to fund it. Which is shit.
At least they didn't do away with inheritance tax (or at least substantially raise bands) as was proposed by many in the party.