Rishi Sunak today presented yet another £65billion of Covid support in his annual Budget. The Chancellor extended most schemes until September and gave businesses another shot in the arm as they wait for a vaccine.
But all that help comes at a cost, and we're not just talking about a hike in Corporation Tax. A stealth tax hike on working Brits will raise £8bn a year and schemes could run out in September while 2million are still furloughed.
The Budget speech is always a triumphant affair, burying the awkward details to a few lines or none at all. To get a real feel for what's going on, you must read the hundreds of pages of documents slipped out when the Chancellor sits down.
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