Latest updates: Rishi Sunak will reveal budget measures on Wednesday, including extending the Covid furlough scheme until the end of September
Good morning. Today Rishi Sunak will deliver his second budget. His first was on Wednesday 11 March 2020 and, although its £30bn spending package sounded significant, within a week it was effectively all in tatters as the first move towards national lockdown started and the Treasury started work on bail-out measures that dwarfed anything in the budget red book.
So today will be the first proper Covid budget. And, in a statement released last night, Sunak summed up his message like this:
We’re using the full measure of our fiscal firepower to protect the jobs and livelihoods of the British people.