While earnings are rising, forecasters predict that is not compensating for higher prices and taxes
John Healey talked of charting a new course for Britain, but this Budget was more about course-correcting than charging down a new path.
It was abundantly clear that the financial fallout from that conflict in the Middle East has hampered the finances of households and businesses â and the government's ability to help.
While the government targeted those impacted by higher energy and fuel bills, the "breathing space" it aimed to provide was limited; it is a pill that doesn't fully alleviate the pain.
The most telling evidence was that official forecasters predict that while earnings will rise, that is not compensating for higher prices and taxes.