More worrying is the chancellor's thoughts.
"Of course we need to do more to support growth and that is what I am driving at in my budget. That is precisely where I've said the focus needs to be on the budget now,"Osborne said.'
As far as I'm aware, the budget will continue the process of fiscal austerity, tax rises, spending cuts and job losses. If you cut government spending at a time of falling house prices, rising saving ratios and sluggish recovery, then you are not supporting growth. Vacuous promises to 'promote growth', don't mean much if you are cutting government spending and adding to the unemployment total.
Spending cuts and job losses