All as expected really, with the pre-press, various leaks etc all preparing everyone for what pretty much happened.
Happy? – I guess being selfish about it we all examine how it affects us personally and on this occasion there were no direct hits to the ship! If we drink more than we use diesel then we are making money! That was a strange one that seemed to catch everyone by surprise.
Whichever way you look at it a lot of money will be taken from circulation, which will effect everyone both as private individuals and those in business. This has affected pretty much all of us this year already – I wonder in real terms how much less money was in circulation this year than before? It must be a huge figure.
The real budget headline for me was one of ‘Rewind’, the Government trying to take back what it probably gave away too easily in better times. It always amazes me how easy it is to get used to extra money, you seem to automatically adjust your lifestyle and mostly to the extent that you have a ‘new level’ of necessities.
Try taking it back after! Different story altogether.
So whether we think the public service or those on welfare are overpaid or not, this is real people we are talking about who are all waking up this morning contemplating significant financial adjustments. The unions will no doubt huff and puff and end up blowing nothing down, just raise a level of anger and frustration with a lot of people. At the end of the day it will be real people who will be really affected, some worse than others.
Today spare a thought for those who do not have a cushion of excess income and can comfortably take an income hit and as a result will be under serious pressure. Try to forget about all the public v private sector stuff, it does none of us any good, these are all our neighbours.
Rewinding is much tougher than fast forwarding.
Greg Canty is a partner of Fuzion Communications