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Budget 2009
 
12:07
Joanna Geary -  Welcome to Times Online's live Budget coverage.
12:08
Joanna Geary -  Here we bring you all the analysis of what is to be the most important Budget for a decade.
12:10
Joanna Geary -  Commentary will be provided by our expert team: Deputy Business Editor Ian King, economics correspondent Grainne Gilmore and personal finance editor Andrew Ellson.
12:10
Joanna Geary -  And I (business development editor Joanna Geary) will be coordinating your questions and comments.
12:11
[Comment From Chris]
Hi All...I dont anticipate that its going to be a particularly exciting budget today....damned if he does damned if he doesnt scenario.
12:15
Joanna Geary -  As a recap, here is Alistair Darling's Youtube message in the run up to the Budget today.
12:25
Andrew Ellson -  

Good afternoon and welcome everyone. We are looking forward to a fascinating Budget statement today.

12:25
[Comment From Cronan]
Like most Labour budgets, some of the nastiness will only become apparent a day later - remember 10%?
12:25
[Comment From Cronan]
No coverage of pre-budget PMQs here?
12:26
Grainne Gilmore -  Good afternoon, the house of commons is packed, waiting for the start of the budget
12:27
Joanna Geary -  Cronan, you can watch a livestream of the PMQs here: http://www.twofourdigital.net/CabinetOffice/01.asx
12:27
Joanna Geary -  We will be focusing on the budget and on providing the most comprehensive online post-budget analysis.
12:33
Grainne Gilmore -  

The Chancellor is keen to outline the global nature of the recession

 

12:33
Andrew Ellson -  The Chancellor starts his Budget in a reserved tone, saying how the Government is working to avoid the policy mistakes of the 1930s.
12:34
Grainne Gilmore -  Mr Darling says there are good grounds for confidence... that's quite a statement given the expected public finance figures, but perhaps he's talking about green shoots.
He expects economy to start growing again at end of year
12:34
Grainne Gilmore -  A little history of the credit crunch now - pointing finger at US
12:35
Andrew Ellson -  Optimitic assesment that the economy will start growing again before the end of this year.   Many economists will disagree with that analysis...
12:35
Grainne Gilmore -  CBI and ITEM see no recovery til spring next year
12:35
[Comment From Chris]
Joanna, do you expect any major announcments today?
12:35
[Comment From Cronan]
Thanks Joanna, the beeb one is OK too - http://bit.ly/bCprB
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