"Having announced a series of measures to support those facing the threat of losing their jobs by supporting wages and continuing the reduction of VAT he is faced with another round of consideration of how it will all be paid for that will exercise his mind.

The cost of the new measures have not, as yet, been officially announced but by postponing the Budget which was due to be presented to Parliament in November he has bought a little breathing space and the opportunity to consider the Treasury’s options should the situation worsen.

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