Strewth, that was a tough one. Osborne makes the pips squeak.

The budget has just finished, and as expected it is very tough. VAT going up will make the biggest noise in the days ahead, but it was to be expected.

It's depressing, but entirely necessary, such is the mess we're in. The papers tomorrow will be bloody and this should end the honeymoon. Especially as the Lib Dems will be complaining this evening. Expect some Lib Dem outrage and maybe some resignations.

I'll have more thoughts later.

Squiffy.