Almost everyone is expecting a general election this year, and by the time this magazine lands on treasurers’ desks, the campaign may well be underway. There were some modest targeted giveaways for pensioners: it is no surprise that with extra council tax rebates and free local bus travel, the elderly are the big winners in the Budget. As the membership of the Association will mostly be well short of qualifying for such largesse, what does the Budget hold for corporate treasurers?