This was quite a rare beast: an actual pre-election Budget. We haven’t had one of these for a long time. If we apply a strict rule that a pre-election Budget is one that is called in advance of a planned election then we haven’t had one since 2015 – a time of GDP growth low inflation and rising incomes.
Since then the ratio of Chancellors to Budgets had doubled from 3:10 in the period...
