Paul Bence: Budget was an exercise in trying to look responsible.

'Non-event' Budget

Published:  25 March, 2010

CHELTENHAM: At first glance yesterday's Budget was a complete non-event, according to Paul Bence, operations director of George Bence and Sons builders' merchants.

"As everyone knows the inevitable and necessary large cuts in public expenditure are yet to be implemented – by whoever wins the next election.

"In the meantime, it is an exercise in trying to look responsible, offend as few voters as possible and basically do very little. All a bit pathetic and one of the disadvantages that democracy brings with it. The only part to note is the 'no stamp duty for first-time buyers on houses up to £250 000'," Mr Bence said.

"If you can't afford a 1% tax on a new house then you shouldn't really be buying one, as you'll be the next person to default on your repayments and another bank will lose £100 000-plus by writing off your mortgage."

Mr Bence added that "the fuel duty rise staging with have a minimal impact on our company transport department."

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