unleashed with her £45bn of unfunded tax cuts – but chief secretary to the Treasury Darren Jones just laughed off such comparisons.put it to Jones that “the Budget’s unravelling” amid concerns about the markets’ response.Ferrari replied: “We now have the pound at the lowest level against the dollar for two months.”
“Markets always respond to Budgets, Nick,” the minister said. “It’s right to say that this Budget takes the country down a different path.“We’ve chosen to invest in our country, not to continue down the path of decline, but we’ve done so on the basis of strong fiscal rules.
“I think people will recognise that our diagnosis around the economy falling, public services not performing over the last decade was because of cuts,” the minister said.