IFS analysis shows Budget is unravelling under scrutiny – McDonnell

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.”

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