Many recruitment agencies will be waiting in anticipation for Chancellor George Osborne budget speech next month.

Labour’s Ed Ball stated that tax cuts are the best short-term route to take, even temporarily reducing VAT, although this may be a bit to much as that would involve Osborne admitting it was wrong to increase VAT in the first place. There was also noise’s made to increase personal allowance to over £10,000 or increase tax credits.

David Davies a Tory backbencher argued that capital gains tax and top rate of income tax should be cut.

Clegg has made it known that he would like personal tax allowance raised but did not add by how much and how this would be funded but did stipulate that it would have to be funded rather than borrowed.

The fact that it is a coalition government has meant that although Clegg and Danny Alexander have come out and stated their budget ambition, they are now in meetings with Cameron and Osborne and so those meetings are confidential.

It is apparent that the economy needs to be stimulated and how best to do this varies slightly, however further borrowing to stimulate the economy seems to be frowned upon and any measures would have to be funded. A tough month ahead for Osborne and an almost impossible task to get the UK going again, we of course all await with great anticipation.