Sunak’s Covid-19 package recycled up to £10bn spending – IFS

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Chancellor’s statement ‘corrosive of public trust’ for passing old funds off as new

Rishi Sunak has been accused of repackaging up to £10bn of previously announced government spending to form the backbone of his summer statement plan to save jobs during Covid-19.

Serving the chancellor with a blunt rebuke, the Institute for Fiscal Studies said it was “corrosive to public trust” for the government to reallocate old funds and pass them off as new money.

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