Budgeting for a crisis
It used to be that after a Budget the days and papers would be full of analysis and reactions and, often, the discovery of nasty surprises or other changes backfiring on the government. (Remember Osborne’s “pasty tax” or Hammond’s NI surprise?) Not this year, obviously. The measures introduced in the Budget to help deal with the economic consequences of the coronavirus, however welcome, now seem too little for the scale of the task. In summary (the details are here – in sections…