Rishi Sunak defends budget amid claim it will plunge 500,000 more people into poverty – politics live

Chancellor defends budget after Joseph Rowntree Foundation says decisions on universal credit will put half a million more into poverty

11.03am GMT

Here is the overall conclusion on the budget from Paul Johnson, director of the Institute for Fiscal Studies. It is from his presentation at the IFS briefing.

Mr Sunak had three challenges in this budget – to ensure the right level of support for the economy over the next few months, to set about fixing the longer-term public finances, and to deal with the longer term consequences of the pandemic, especially its unequal consequences.

He has done a decent job of the first, arguably erring on the side of generosity.

10.55am GMT

The Institute for Fiscal Studies has just released its budget analysis. I will post a summary shortly.

Continue reading… Source: The Guardian: Rishi Sunak defends budget amid claim it will plunge 500,000 more people into poverty – politics live ———