On 3 March, UK Chancellor of the Exchequer Rishi Sunak presented his first budget to the UK’s House of Commons. The annual budget day has become something of media circus, and the sheer volume of material to wade through is enormous – the Office for Budget Responsibility’s (OBR) fiscal outlook comes to over 220 pages, so it makes sense to wait a while before passing comment. The budget provided a number of headline grabbing measures, like the decision to raise corporate taxation. As usual the mainstream media focussed on this and labelled the budget as a ‘spend now, tax later’…

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