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IFS analysis shows Budget is unravelling under scrutiny

John McDonnell MP, Labour’s Shadow Chancellor, commenting on the IFS’s assessment of the Budget, said “The Budget is already unravelling, with it becoming increasingly clear that the current and capital spending commitments are over-hyped and underwhelming when subject to proper scrutiny.

“The IFS has confirmed that this Budget means austerity is not at an end, lacks a plan to achieve net-zero emissions across government, and puts forward a coronavirus package that is regrettably full of holes.

“This is a publicity-seeking Budget without a plan or a strategy underpinning it, and it is likely to leave people expecting much from this government feeling sorely disappointed.”