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When Budgets go wrong



As Rishi Sunak, Chancellor of the Exchequer, finalizes his speech ahead of next week’s Budget, Jack Blanchard looks back at the pitfalls and disasters which have plagued Chancellors in years gone by.

Former Treasury aide and official Ed Balls recalls his old boss Gordon Brown’s 10p tax band fiasco. Philip Hammond’s former media adviser Poppy Trowbridge picks over the 2017 U-turn on national insurance. Former Chancellor George Osborne defends the 2012 pasty tax ‘omni-shambles,’ while former Tory MP Heidi Allen explains what it’s like to lead a Budget rebellion. And Shadow Home Secretary Nick Thomas-Symonds delves into the history books to tell the tale of a Labour Chancellor forced to resign over an ill-timed Budget leak.

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