Budget 2020: Boris Johnson chairs cabinet ahead of Rishi Sunak’s first budget – live news | Politics

It’s budget day, but never in living memory has a budget felt so cursed. Originally this budget was provisionally scheduled for the last week of October 2019, with Sajid Javid planning to deliver it if parliament passed a Brexit deal. Then Javid announced that there was going to be a budget on 6 November. That did not happen, because Brexit was delayed and MPs voted for a general election, but during the campaign the Tories promised that, if they won, during their first 100 days in office there would be a “post-Brexit budget in February which will cut taxes for hardworking families”. But the scale of the Tory election victory meant Boris Johnson started planning a more extensive budget than originally envisaged, and when Javid finally announced the date of the first post-election budget, he said it would not be in February, but on 11 March. Despite having twice announced dates for the budget, Javid never got to deliver it because he resigned in the February reshuffle, becoming the first chancellor since Iain Macleod, who died in office in 1970, never to deliver a budget.

Javid was replaced by the 39-year-old chief secretary to the Treasury. He is the most inexperienced minister to hold this office in modern times (which is not the same at all as the least able) and this afternoon he will deliver a budget in extraordinary circumstances. An announcement planned as being all about the end of austerity, and an infrastructure spending splurge, particularly aimed at towns and regions that voted Tory for the first time in 2019, will be judged predominantly by whether it is seen as a credible response to the coronavirus emergency.

Here are some of our preview articles.

To coincide with the budget, the Bank of England has this morning announced an emergency 0.5% interest rate cut. My colleague Graeme Wearden is covering this on his business live blog, which is currently focusing on the Bank of England press conference that has just started.

Here is the agenda for the day.

8.30am: Boris Johnson chairs cabinet.

11am: Michael Gove, the Cabinet Office committee, gives evidence to the Commons Brexit committee.

12pm: Boris Johnson faces Jeremy Corbyn at PMQs.

12.30pm: Rishi Sunak, the chancellor, delivers the budget.

3pm: Robert Chote, chair of the Office of Budget Responsibility, holds a post-budget press conference.

Mostly I will be focusing on the budget today, although I will be also be covering PMQs as usual, and Michael Gove at the Brexit committee. My colleague Graeme Wearden will be helping out with the budget coverage, and we plan to post a summary when I wrap up.

You can read all the latest Guardian politics articles here. Here is the Politico Europe roundup of this morning’s political news. And here is the PoliticsHome list of today’s top 10 must-reads.

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