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Hargreaves Lansdown: Budget predictions impossible

The exact nature of next week's Budget remains obscure, independent financial advisors Hargreaves Lansdown said yesterday.

Expected Budget reforms, such as the changes to business taxation, are generally set to tackle corporations rather than the consumer.

In fact, according to the advisors, the impact on personal finances from the Budget will be negligible.

Head of research at Hargreaves Lansdown Mark Dampier said: "I haven't got any predictions for the Budget; no one's got a clue…so it seems a bit pointless trying to predict what the chancellor will do: from the personal finance side, I wouldn't expect anything at all.

"It's all bigger stuff and the chancellor's got no money to give away anyway."

He added: "Most of the Budget is fairly neutral to making people worse off because the Government needs more and more money all the time - I'm not particularly looking for a desperately friendly Budget from a saver’s point of view."

The Budget is delivered to parliament by chancellor of the exchequer Alistair Darling on March 12th.

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