Mar 8, 2020

Budget 2020: Should we expect a coronavirus Budget?

Will Chancellor Rishi Sunak's first Budget on Wednesday go down in history as the "Coronavirus Budget"? Mr Sunak was obviously at pains to strike a reassuring note, but his comments underlined that it is still unclear how significant this Budget is going to be. On the one hand, many commentators think the coronavirus will inhibit Mr Sunak's efforts to reshape the UK's economy, with more dramatic measures postponed until this year's second Budget in the autumn. Speaking on the same BBC programme, shadow chancellor John McDonnell said Mr Sunak's debut would be "The most important Budget since the Second World War". The Institute for Fiscal Studies is also keen to see Mr Sunak act decisively to combat the coronavirus.

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