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Coronavirus crisis will demand emergency cash but is no excuse for abandoning fiscal prudence

The government’s current spending rules leave room for one-off interventions

By Gemma Tetlow  

Andrew Marr went a bit far on Sunday when he said that Rishi Sunak faces greater uncertainty than any chancellor in living memory as he approaches the Budget on 11th March. Alistair Darling, who was at the helm of the Treasury through the financial crisis, would no doubt quibble with that. But the spread of coronavirus does create major economic, as well as health, risks and there is considerable uncertainty about how far and how quickly the effects…

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