LDV readers say: Labour's PBR will have virtually no effect

by Stephen Tall on December 9, 2008

It’s all of a fortnight since Labour chancellor Alistair Darling unveiled the Government’s Pre-Budget Report. On the day it came out, LDV posed the following question for our readers: What do you think will be the overall impact of the Government’s Pre-Budget Report?

Here’s what you said:

* 7% (23 votes) – The Government’s financial stimulus is spot-on, and will get the economy moving again
* 41% (134) – Some of the Government’s measures are welcome, but overall the impact will be too small and the cost too great
* 49% (159) – The Government’s measures will have virtually no effect, and will result in recklessly high levels of borrowing
* 2% (7) – Don’t know
Total Votes: 323 Poll ran: 24th Nov – 7th Dec, 2008

Overall, then, almost-a-majority of you – 49% – labelled the Government’s PBR a failure, reckoning that the costs of it are way too high for the negligible benefits it might bring. However, this option was run a close second by the slightly kinder assessment that the PBR is good in parts, even if “the impact will be too small and the cost too great”. A slender 7% of you were willing to stick up for the PBR, and also believe its effects will be as beneficial as Labour proclaims.