Editor’s comment: second time lucky for Chancellor at emergency Budget

With the second Budget of the year slated for 8 July, the Conservatives will have the first stab at their own fiscal programme for nearly 20 years, their last solo Budget being Ken Clarke’s in 1997, so the Chancellor needs to make some ambitious decisions to ensure tax policy is progressive, says Sara White

While tackling the deficit will continue to be a centrepiece of policy, this Budget should offer opportunities for George Osborne to actually move beyond micro managing and introduce some more radical tax reforms. Inevitably there will be more swingeing cuts to the public sector budget and Whitehall departments, but the over-riding policy thrust is likely to lean towards underpinning growth and encouraging investment.

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