Thread by @paulwaugh

Here's the tax stuff....@RishiSunak: "Just as it would be irresponsible to withdraw support too soon, it would also be irresponsible to allow our future borrowing and debt to rise unchecked. When crises come, we need to be able to act. And we need the fiscal freedom to act."

As expected, no detail on taxes "This Budget is not the time to set detailed fiscal rules, with precise targets and dates to achieve them by – I don’t believe that would be sensible."

Yep, he's freezing personal tax thresholds.

"This policy does remove the incremental benefit created had thresholds continued to increase with inflation. We are not hiding it, I am here, explaining it to the House and it is in the Budget document in black and white."

You know a Chancellor has bad news when he rattles through things quickly. Freeze at current levels, until April 2026: inheritance tax thresholds…pensions lifetime allowance… annual exempt amount in capital gains tax And, for 2ys from April 2022, the VAT registration threshold

And the big news on corporation tax:
in 2023, the rate of corporation tax, paid on company profits, will increase to 25%.

Cos it's in 2 yrs time, @Keir_Starmer can accept that corporation tax and say it fits with his pledge to oppose tax rises 'right now'.
The freezing of personal allowances kicks in next year, so that's not 'right now' either.