"Sunak’s plans contain some innovative ideas, not least of all the half price meal deal, but they also contain an element of kicking the can down the road which is understandable as he doesn’t have an unlimited money tree. A reduction in VAT has been warmly received but as is usual where a degree of relief is offered, more would have been more welcome.

The overall financial cost of the Covid-19 Pandemic to the UK will be in excess of £300 billion and it will take some further, less palatable decisions for Sunak to be able to balance the books. He may be left with the stark choice of cuts to services or tax increases in the winter or early next year although Johnson has already ring-fenced the health and care sector as being virtually untouchable.

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Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.