It seems likely that the Budget on 18 March may be quite dull, certainly according to Robert Peston (and he does usually have good underlying information even if you think his spin tends to gloom-mongering). In every sense that is good - it clears a further hurdle over coming weeks that might otherwise create market uncertainty in terms of deal doing, and we hardly need more tinkering with the tax system at this stage. Of course there is very likely to be an emergency Budget during the months after the Election, whoever gets in. That is a bigger issue on the horizon.
I don't want to set your pulse racing but the budget on 18 March looks set to break records - as perhaps the least eventful and dullest in history. Which of course does not mean it will be one of the worst, ..... But on this occasion, the absence of any spectacular newsworthy tax reforms or public spending changes will stem from two structural impediments. First, and most important, the Lib Dem wing of the coalition feels a pre-election need to assert its political and fiscal independence. I am reliably told by both senor Tories and senor Lib Dems that there will not be any new tax or spending initiatives that are outside of the sort of thing the government has been doing since it was formed in 2010.