The Resolution Foundation CEO has issued a sniffy statement complaining about all the kite flying during the Budget process. Except that the Budget process has been run by assorted junior apparatchiks formally with the Resolution Foundation and everyone knows it…
Excessive levels of Budget kite-flying risk exacerbating market uncertainty
Ruth Curtice responds to latest rumours that the Chancellor is no longer planning to increase Income Tax rates in her upcoming Budget, following rumours last week that this would be the centrepiece of… pic.twitter.com/nEzO1Mcysa
— Resolution Foundation (@resfoundation) November 14, 2025
It was never a good idea to let a group of leftist policy wonks prepare the Budget. Naturally they would spend the entire time briefing out every daft leftist tax hike that they had ever worked on. Much of the Budget speculation actually came from new Resolution Foundation proposals – including the Income Tax one – which were aggressively marketed to the papers…
There is a general consensus that this is the worst budget process ever seen. Budget man Torsten Bell has ended up looking particularly silly…
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