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Our hyperactive chancellor

This was supposed to be the month of the Budget, in which Rishi Sunak might have set out some tax-raising ideas, but the second national lockdown means that he is still giving plenty of money away, as David Smith reports.

This has been an unusual year in so many respects and I do not need to remind you of that. For those of us who obsess about such things rarely if ever have we seen a year like this when it comes to fiscal policy – tax and spending. This is the month when Rishi Sunak was supposed to have his first ‘proper’ Budget and yet thanks to the second wave of the coronavirus it has been shelved until next year. It was postponed even before the new national lockdown was announced by Boris Johnson on 31 October. The excuse for not having a Budget was...

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