Rishi Sunak will splash the Covid cash again today vowing to use 'full fiscal firepower' to help the recovery - with furlough set to last until October. Mr Sunak will address the Cabinet this morning on the contents of his Budget, before announcing the measures to MPs at 12.30pm. Paul Johnson, director of the Institute for Fiscal Studies (IFS), said he was not expecting tax rises to come in this year. 'But there will still be something of a hole and that will mean, I expect, some tax rises, but not this year – in the next two or three years.' Lord Hague said yesterday that those opposing tax rises harboured 'dangerous illusions' that low interest rates would let Britain borrow its way out of the crisis.

Source: The Nation March 03, 2021 09:56 UTC