Chancellor Rishi Sunak pledged a further £65bn in today's budget, bringing the government's total spending during coronavirus to more than £400bn. But aside from splurges on extending furlough and the Universal Credit uplift, and new 'restart grants' offered to ailing businesses, the first belt-tightening measures were announced. Income tax thresholds will be frozen, and cooperation tax on profitable companies will rise from 19 to 25 per cent in 2023. Katy Balls speaks to Fraser Nelson, James Forsyth and Kate Andrews about what it all means.
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