I could tell the house that I've invited the official opposition to meet with me first thing tomorrow to discuss the proposed emergency bill that will set out before the house next week.

In addition to the measures my right on friend the chancellor set out in the budget earlier.

The bill will include measures to help in the national effort to keep vital public service is running to support businesses and to help everyone to play their part.

Adult social care will be at the front line of our response.

With social care providers looking after many of the most vulnerable in society, we're working closely with the sector to make sure it is ready.

Tomorrow, the prime minister will chair a further meeting of Cobra to decide what further measures may be necessary.

We will do the right thing at the right time.

Were issues soon acts first budget was totally dominated by the fight against Corona virus is the new chancellor announced a string of measures to help individuals and businesses get through the difficult next few months.

He pledged that sick pay would be available for all employees from the first day of self isolation.

Thousands of retailers, pubs, clubs and cinemas will have their business rates cut.

Emergency measures overshadowed the announcement of an extra £175 billion of capital spending over the next five years that will be spent on road, rail and broadband improvements across the country.

A political editor, Gary Gibbon, is in Westminster.

Gary.

Well, these were some very big guns.

The government was firing the Corona virus crisis today.

Not only what amounted Thio 12 billion in focused spending called a stimulus by the government on the crisis itself, but also, of course, the Bank of England statement bringing down interest rates and trying to loosen up lending thio companies who could easily be in difficulty in the weeks a months ahead.

One of things that strikes you in the documents that came out with the budget is that the growth forecast even before Corona virus ramped up on.

That's when these forecasts come from they They seem to be forecasting pretty anemic growth even then, so you have to wonder what we're in for as this virus grips the country.

All of that slightly overshadowed the what was originally planned as a sort of post election delivery budget, telling the voters We got the message.

We're spending the money where you want us to spend it on.

Boy, was there a lot of money being splashed around out there today.

But you keep scratching your head to look for.

How is it that over the long term, this government intends to pay for all that spending?

Borrowing is taking a huge amount of the burden here.

There are some taxis going up, but it doesn't look like there's a across the board approach to tax raising in in the bag.

Right now.

This doesn't look like Thatcherism or anything like it.

When the minister said to me, I'm a factory, I didn't like that at all.

It got big applause in the room.

Boris Johnson once said, My philosophy is boosterism.

Putting booster rockets under the economy Well, we saw those booster rockets today, but we really still don't properly no how they're gonna be paid for.

Cove in 19 rewrote.

This budget is meant to be a ll about fulfilling manifesto pledge is spending on the general election commitments.

Morning headlines proclaimed The strange times Health minister had the virus.

The governor of the Bank of England announce an emergency interest rate cut in £200 billion.

Extra bank borrowing.

This is a big package.

This is a big package.

This is a big package.

We will help the country through.

This was his message on the chancellor's message to delivering his first budget barely four weeks into the job.

Mr.

Chancellor of the Exchequer, Madam Deputy Speaker.

I want to get straight to the issue most on everyone's mind.

Corona virus Covert 19.

I know how worried people are worried about their health, the health of their loved ones, their jobs, their income that businesses, their financial security.

And I know they get even more worried when they turn on their TVs on here.

Talk of market's collapsing and difficult times coming collapsing markets happened so recently they weren't included in the economic forecasts unveiled today.

The chancellor suggested the impact could be grave.

For a period our productive capacity will shrink.

There will also be an impact on the demand side of the economy through a reduction in consumer spending.

The combination of those effects will have a significant impact on the U.

K economy.

That sounded like a thinly coded warning of recession was help for businesses and individuals weathering the covert 19 crisis, including easier access to sick pay for workers who obey instructions to stay at home.

On this pledge on the N hs.

What ever extra resources our N hs needs to cope with Corona virus it will get taken together.

The extraordinary measures I have set out today represent £7 billion to support the self employed businesses and vulnerable people to support the N HS and other public service is I am also setting aside today a £5 billion emergency response fund and I will go further if necessary.

That means I am announcing today, in total a £30 billion fiscal stimulus to support British people.

British jobs on British businesses.

Theun.

He moved into the budget measures the government hoped would dominate the headlines, spending promises made in the election with new roads, railways, broadband and home.

This budget gets it done way promise.

Record funding for our N HS and public service is this budget gets it done.

This government delivers its promises and gets things done on top of a massive boost in infrastructure spending.

There was also Maur on every day.

Service is much of it paid for, with an extra 108 billion of borrowing rules.

Of course the government to bring down debt might just get written, he said.

I will review the fiscal framework consulting widely with a range of experts, and we'll report back in the autumn if I conclude that any changes are necessary.

Man, it was chancellor until last months and the last prime minister both tried to warn the new chancellor off that course of action.

I noted that he said he was going to be reviewing the fiscal framework in which we in which we operated.

I would say merely this.

As I've said, prudent management of the public finances is one of the U.

S.

Peace of the Conservative Party and essential that any conservative government maintains that prudent management.

We mustn't forget that my right honourable friend is only able to deploy that firepower that he has done so today because of the choices off consecutive conservative Chancellor have made choices to control spending, to control boring and to control death.

That's why the fiscal rules that we set out in our manifesto are important.

You lived through the last big story crisis on Europe.

You know how deep this issue of not being a party of tax and spend runs in the party?

Could this be the next great conflagration?

Well, it is possible, I think.

The question is, is the Conservative Party prepared to support the tax increases that are needed?

If you are putting up spending in the way that we are putting up spending and he wants to maintain sustainable public finances and that is the choice, and if the Conservative Party is is willing to put up those taxes, then public finances can be kept him.

And what's your guess?

We're gonna be pretty uncomfortable with it.

And I think I think the Conservative Party would be uncomfortable putting up taxes.

A small number of pro you campaigners gathered outside parliament.

Brexit was barely mentioned in the first post Brexit budget.

The government believes the message from the referendum and last December's election voters want more spending on.

They'll get it.

It's taking our politics in strange directions.

This is a budget of which has an admission of failure on admission that a store it austerity has been a failed experiment.

Today's over spun announcements of a £600 billion investment programmer welcomed in the self same story.

Tabloids, which denounced Labour's manifesto, plans to invest 500 billion as ruinous Marxist novel.

Since we are in a different world, we've got a conservative chancellor proposing a biggest state than we saw under Tony Blair on more boring than we saw under Gordon Brown.

That isn't what we have seen under George Osborne, but times do change people's budget from the people's government, and I commend it to this house.

Hey, must now wait to see just how Corona Virus hits the economy and tests that pledge to spend whatever it takes Gary get in.

Well, the big question is how much of an impact is the Corona virus Kato have on our economy on the public finances?

Our economics correspondent hell yeah.

Brahimi is with me now.

Big speech.

What was the big message he was trying to send today?

Matt was all about saying we're going to do whatever it takes the Bank of England, acting together with the new chancellor to have this rare economic stimulus package, the likes of which we haven't seen since the financial crisis.

First you had the chancellor's £12 billion boost that came after the Bank of England's interest rate cut alongside a £290 billion extra liquidity.

That's going to help real businesses now.

The scale of this action tells you how serious they think this crisis is.

I went along to the Bank of England's emergency meeting today.

This is what the governor had to say.

The Bank of England's role is to help UK businesses and households managed through an economic shock that could prove large and sharp but should be temporary.

These measures will help keep firms in business and people in jobs, and they will prevent a temporary disruption from causing longer lasting economic harm.

That's his hope.

But the truth is, neither he nor the government could predict the scale of their crisis.

What they're trying to do is cushion the impact on jobs and on household incomes growth.

Today, Matt was already downgraded.

That was before the Corona virus.

Now many city economists think that it could tip us into a recession this year.

Okay, so lower interest rates, lots of money thrown at the problem.

This is a fiscal bazooka.

But will it hit the target, which is a recession?

Well, look, I think that having an interest rate cut makes it much easier for the chancellor to borrow money.

It makes it cheaper for him, and that's exactly what he's doing in this budget.

If you take a look at the forecast for the deficit last year on Dhe, then add in what they said today.

You can see from that chart that boring goes up in every single year.

Now add on top of that, the Corona virus measures and you can see the deficit goes up even higher.

Okay, so what about the changes in boring?

How does that change things?

I don't think you can stress enough water.

Big departure.

This is from the vision of the previous government, the fiscal watchdog today like and Mr Cenex Sugar rush spending spree to the Labour government in the run up to the financial crisis, which is an extraordinary departure for a party there was preaching austerity and eliminating their budget or deficit altogether.

You know, remember, this is a budget that does lots of unt Ori things like increasing taxes for Corporates, for entrepreneurs, for builders while simultaneously reversing a ll.

The cuts to day today spending now, of course, this is the government's economic plan.

What happens in the next few weeks is going to be far more important for the economy.

Hey, Leo.

Thanks very much, Jacki.

Well, it's how you're saying.

This looks like the biggest sustained giveaway since the early nineties.

That's according to the Office for Budget Responsibility, as well as the emergency Corona virus funds.

Hundreds of billions of pounds of earmarked for infrastructure spending, which receives Soon act, described as a chance to level up opportunity and share prosperity are north of England, Correspondent Claire Fallon reports.

The focus has shifted, but the destination, we're told, is still the same.

The country needs it.

We will build it.

Building a fairer, brighter future was the promise to read.

Towns turned blue.

So is this the budgets of leveling up?

We're in Children the world's first railway town, 13 miles from Durham.

Or, put another way, an hour and 1/2 by bus made a full of reality check and live in the real world.

I think he kind of needs it.

Would like sort of a swap for nobody to know the wife swap thing if they did a life swap in a cafe on the Double Duck Industrial Estates.

K and Bruce have been running this place since they left their jobs in social care last year.

Ruth's born and bred here.

Kay moved up from Essex to look after her elderly mother to keep this place going.

They work seven days a week.

I'd love the chance to come and live in my counsel on DDE.

I love him, too, and I'd like him to do my work.

I'd like him to go home and try and decorate and everything else that I'm expected to do as well as paid for everything.

How difficult is life?