BBC Business Bacaan 1 menit

Faisal Islam: This Budget was micro and that was deliberate

Faisal Islam: This Budget was micro and that was deliberate

On energy, there is some significance to the "cheaper power" mission announced, reshaping what had previously been a focus on clean power.

While still committed to Net Zero, a series of technical changes to powers over levies and renewable auctions, will seek to turn the tide on additional pressures on energy costs.

On devolution, the plan to allow local mayors to keep some extra business rate and income tax revenues, are more radical than expected.

There are trade offs here, but it essentially provides incentives for regional leaders to grow their economies, workforce and tax base, that are normal elsewhere, but have not existed in the UK's very centralised tax system.

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