Another Liberal Democrat summary of the budget

Stephen Lloyd, MP for Eastbourne in the last parliament, is generally reckoned to be a business-friendly Liberal. Indeed, in his latest newsletter, he welcomes the cut in corporation tax - something I am against, coupled as it is with the tightening of rules on professionals' small companies.

However, his summing-up is:

My conclusion of the Budget overall is that if you are of the working poor, disabled, young or work in the public sector, then the next few years are going to be bleak. If however you are rich or in the upper 50% of income, then life's just going to keep getting better. 
 

Yup, the Tories - unfettered - are back in power.