Chancellor Rishi Sunak’s first Budget yesterday brought the curtain down on a decade of Conservative austerity policies
with a borrowing-fuelled spending splurge. Economists warned it would send debt soaring above £2 trillion and may pave the way for future tax rises. Just 27 days into his new job, Mr Sunak announced plans to pump an additional
£175bn into investment in capital projects over the next five years. But critics claimed much of the spending was targeted to appease the populist priorities of Boris Johnson and his senior adviser Dominic Cummings.