Thursday's papers

The Budget dominates the front pages this morning.

Red all over says the Times as it reports that Alistair Darling read the last rites over new Labour yesterday by saddling Britain’s highest earners with a new 50 per cent tax rate as he struggled to dent a £1.4 trillion mountain of debt.

Gordon Brown declares class war says the Telegraph claiming that the Prime Minister has been accused of launching a "class war" against Middle Britain as he introduced a new 50 per cent top rate of tax to make the wealthy pay for the catastrophic state of public finances.

Alistair Darling has gambled Britain's future on a 1970s-style tax raid against the rich and a wildly-optimistic forecast of economic recovery.

says the Mail adding that

Experts said the move - resisted for a decade by Tony Blair - was largely symbolic and could even lose the Treasury money by prompting an exodus of the rich.

They have ruined Britain says the Express as it says that virtually every household in the country will be forced to foot the bill for years to come for the rampant borrowing of Labour that has ruined the country.

The Guardian says that the chancelllor attempted to lay down battle lines for next year's general election with a £7bn squeeze on the rich followed by a brutal freeze on public spending in the next parliament.

Whilst the Independent concurs with the Guardian adding that

Mr Darling told the Commons that borrowing would rise to an unprecedented £175bn in the current financial year because of a worse than expected global recession. It is the highest level of borrowing since the Second World War and a huge increase on the £38bn he forecast a year ago and the £118bn he predicted in November. It will be £173bn next year, he added.

At least it is Sunny says the Sun reporting that

SUN-LOVING Brits will today bask in the mini-heatwave — after feeling the chill of recession in yesterday’s Budget.