In terms of major changes in fiscal policy, as expected, this week’s UK Budget was very light. We had the major decisions on spending and taxes in the June 2010 Emergency Budget and October Comprehensive Spending Review. Indeed, in terms of policy changes Chancellor George Osborne’s first ‘normal’ Budget was fiscally neutral.

Blogs are strange beasts, with the informality of a conversation, but the durability (and searchability) of any information published on the web. Since my blog last week - in which I quoted the statistic that 95% of product costs are fixed at design stage - I've been consumed with guilt that I didn't provide more information about that statistic.

Yay, my first blog. Sorry. Bit excited. Milestone moment.

I must have been the only accountant in London not glued to TV/radio/internet on Wednesday. Instead I attended an Innovation Summit. Far more enjoyable than listening to the Chancellor’s budget speech.