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Fiscal loosening

Research is the big winner in the budget but can spending plans survive a corona-recession?

The big news from the budget is that your Playbook subscription might be about to get 20 per cent cheaper after the chancellor abolished VAT on digital publications. We are checking that one with the Treasury, so don’t spend your winnings just yet.

The devil is always in the detail when it comes to budget day. It is not enough to listen to the chancellor’s set-piece speech in the House of Commons. You have to wait for the publication of the Treasury’s red book.

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