Coronavirus budget backs the NHS ‘whatever the cost’. Will the government be able to deliver?
The new Chancellor, Rishi Sunak, has delivered the conservative government’s new budget. As the NHS prepares for the spread of coronavirus, the chancellor promised the government’s full support ‘whatever the cost’. He also announced plans to raise the National Insurance threshold and pledged money to help flood-hit regions. Economist Stephen King joins The Leader podcast to break down the budget – did Mr. Sunak live up to Stephen’s call to act like a ‘war-time chancellor’?
Even before the budget, banks and businesses had already started preparing for the impact of Covid-19. Restaurants and shops are reporting a decline in footfall, and the discounts to attract customers have already begun. On Wednesday the Bank of England’s governor, Mark Carney, cut the interest rate to 0.25% in an attempt to keep people spending. The Leader podcast spoke to the Evening Standard’s consumer business editor Jonathan Prynn to discuss whether the interest rate cut will make a difference – and what it means for you.
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