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The Guardian - UK
The Guardian - UK
Business
Phillip Inman

Toxic budgets: the UK chancellors who left a poisonous legacy

Jeremy Hunt in the commons
Jeremy Hunt is expected to leave his Labour successor with debts and empty coffers. Photograph: Jessica Taylor/Getty Images

There are budgets that fall apart within minutes of the chancellor delivering his Commons speech: think of George Osborne’s pasty tax, one of many missteps that meant his 2012 budget will be forever known as an omnishambles.

Then there are the “poison pill” budgets: the ones that come at the end of a parliament, when the chancellor of the day goes for broke – sometimes literally – to attract voters and attempt to stay in office. If their party loses, the opposition is left to clean up the mess.

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