UK: The Chancellor's big dilemma - picking the right tax option.

UK: The Chancellor's big dilemma - picking the right tax option. - The Budget question is one of tax - whether to increase it, and if so, where.

by David Smith economics editor of The Sunday Times.

The Budget question is one of tax - whether to increase it, and if so, where.

As harsh winter starts to give way to spring, most of us turn our attention to longer-term prospects. Not so, however, in the Treasury. Since before the first snowdrop tentatively poked its head above ground, the Treasury has had its mind fixed on that mid-March date when the Chancellor of the Exchequer delivers his Budget to the House of Commons.

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