ready saying, we are not going to be ready to comply with all these new requirements when they're supposed to come in on 1st april. they have been warning there could be disruption to food supplies. so the uk has been pushing for the eu to show flexibility. but in the absence of any agreement, today the uk government decided to take matters into its own hand and the northern ireland secretary brandon lewis said the uk government would push back the uk government would push back the need for that new documentation until october. it has not gone down with the eu, saying it violates the brexit deal. with the eu, saying it violates the brexit deal-— let's return to our main story, today's budget, which is meant to shore up the economy at huge cost to help it emerge from the effects of the pandemic. our political corrrespondent alex forsyth has been to grimsby, which returned a conservative mp

for the first time in more than 70 years at the last election, to see how the budget was received there. after a bleak year, the nichol family is hoping for a brighterfuture. their gymnastics business has taken a huge hit and it's affected their personal finances too — living on universal credit for the first time. we have had to make some cutbacks at home and we do now a meal plan every week, don't we? taken on a lot of responsibility at home, doing extra chores, lifting the weight off mum and dad's shoulders. just making everything - like more joyful in the house and trying to make even happy. so we like to bake. it's been a struggle, but we've managed. they welcomed the continued increase to universal credit, but conscious all the current support comes at home theyjust hope at a cost they just hope they'll be protected down the line. it's the small businesses that... are suffering. ..are suffering, but also have a big impact on the economy.

grimsby�*s economy has struggled since the decline of the fishing industry. there's long been ambition to regenerate the region and today its port was given special status to encourage trade and investment. radio humberside. .. so are people here convinced by the chancellor's choices? what you make of that? i don't think that this is a budget for normal people. what he said about the green industrial revolution, - that is a key principle - to reigniting these areas, which in the past have been sort of forgotten by previous governments. it is a lot of borrowing and i am worried about my future. hopefully, somebody has realised that there are other places other than london. among today's announcement there was a new national infrastructure bank to fund big projects to be based in leeds, part of the treasury moving to darlington. the government's keen to show its commitment to tackling regional inequalities, though many people in these places have heard such promises before. for young people, jobs are key.

blake applied for more than 50 with no result, but he's much more confident after training for an apprenticeship, glad of today's funding for such schemes. it's absolutely pivotal that we get trained up to become obviously the men and women of tomorrow and i think that's what it's all about. elle's been improving her skills too. on furlough from herjob in a salon, she welcomes support for those who want to own a home, extending the stamp duty holiday, help with mortgages, but her future still feels very uncertain. it's made me question it, thinking, am i going to be where i want to be in five years? you know, am i going to have some money to get a house, to move up on the world, start my life, really? there is still a long road ahead, people here just hope a fair recovery really is on the horizon. alex forsyth, bbc news, grimsby. that's it. now on bbc one, time for the news where you are. have a very good night.

hello and welcome to our look ahead to what the the papers will be bringing us tomorrow. with me arejenny kleeman from times radio and the ft�*s whitehall editor sebastian payne. hello to both of you. no prizes for guessing what the papers are focusing on, so let's have a look. starting with the ft and the first of many images of the chancellor with his red briefcase. it says the two year bill for covid will exceed 400 billion pounds. the metro goes with an aerial shot of mr sunak — saying he's gambling 65 billion on there being a quick recovery from the crisis. there he is again on the guardian — which says the strategy is to spend now and pay later. the telegraph crunches the numbers on the red box —

describing the budget as a five year tax grab. the mail shows mr sunak masking up — but leads on the queen ordering an inquiry into those bullying claims against meghan markle. and the mirror leads on the same story — describing it as all—out—war. asi as i mentioned, all the papers, apart from a couple of them, dominated by the budget that we heard today. great to have you both on, jenny and sebastian. let's start with the guardian which a lot of the papers are picking up on this theme, spend now, pay later. very much a different budget to what you would expect from the conservative chancellor. sebastian, let's start with you. we are in very different times, which is one way of describing what's going on. indeed, and when you _ describing what's going on. indeed, and when you listened _ describing what's going on. indeed, and when you listened and - describing what's going on. indeed, and when you listened and sorry - describing what's going on. indeed, | and when you listened and sorry she soon can the house of commons today, he looked and like a conservative

chancellor. * —— rishi sue nichols but everything he was saying was quite awesome opposite. because it was saying it was a all about a spending tax budget, which isjust the sort of thing you would expect from a labour chancellor. rishi sunak is a traditionally quite right wing conservative, but he's coming to the panel under extremity circumstances, and do to the pandemic, he will be spending at such a great degree. £65 billion is going to be spent over the next two years supporting jobs and trying to get people back into work once all these dreadful lockdowns are over. but this is going to be paid for by the most striking thing which is a £25 billion increase in corporation tax. that's the tax companies pay on their profits. he's the first chancellor since the 1970s who has increased corporation tax, and the level of taxation that bids will be paying is now the highest since roy jenkins in the 1960s. so when you

look at this budget, in many respects, it's quite like the 1980s with thatcher, and itjust didn't happen, and a lot of that is due because of the coronavirus pandemic, this is not the budget that rishi sunak would like to be giving today, but we know what is going to get us through the next few years, what is the vision of the other side about? because this is a plan to get us through the dreadful circumstances but this is a big? about what the economy is going to look like on the other side. economy is going to look like on the otherside. it’s economy is going to look like on the other side. �* , , ., other side. it's quite staggering when ou other side. it's quite staggering when you put — other side. it's quite staggering when you put it _ other side. it's quite staggering when you put it like _ other side. it's quite staggering when you put it like that. - other side. it's quite staggering when you put it like that. i - other side. it's quite staggering| when you put it like that. i know that the ft is focusing on this, jenny, that rishi sunak, the first chancellor to raise corporation tax since 197a. it's quite something. what do you make? what's your initial reaction on what we heard earlier on today, jenny? �*? we heard earlier on today, jenny? ? i wasn't surprised by what we heard, which _ i wasn't surprised by what we heard, which allowed many newspapers to get the comparisons and earlier, the dennis _ the comparisons and earlier, the dennis healy comparison, the royal

jenkins— dennis healy comparison, the royal jenkins comparison, we all knew that a lot of— jenkins comparison, we all knew that a lot of this _ jenkins comparison, we all knew that a lot of this was coming. i do think it's remarkable, though, to hear conservative chancellor boasting about _ conservative chancellor boasting about how much he's spent and putting — about how much he's spent and putting up— about how much he's spent and putting up corporation tax, that is something — putting up corporation tax, that is something that i never expected to heat _ something that i never expected to heat but— something that i never expected to hear. but these are extraordinary times, _ hear. but these are extraordinary times, and — hear. but these are extraordinary times, and it takes an extraordinary measure _ times, and it takes an extraordinary measure i— times, and it takes an extraordinary measure. i think it's very interesting given that we are now post—brexit, we've left the eu, part of leaving _ post—brexit, we've left the eu, part of leaving the eu was supposed to be in order_ of leaving the eu was supposed to be in order to _ of leaving the eu was supposed to be in orderto make of leaving the eu was supposed to be in order to make our country really attractive — in order to make our country really attractive to — in order to make our country really attractive to corporations, and the ft is _ attractive to corporations, and the ft is reporting that corporations are going — ft is reporting that corporations are going to be taxed to a higher degree _ are going to be taxed to a higher degree more heavily than in any other— degree more heavily than in any other advanced economy once this 6% rise in— other advanced economy once this 6% rise in corporation tax comes into effect _ rise in corporation tax comes into effect so— rise in corporation tax comes into effect. so that's very, very significant for a long—term. interesting that you picked up on leaving the eu, of course with brexit, such... nothing, we heard nothing earlier on today, sebastian,

regarding brexit, nothing of the cost of locations there. is that something... what is your reaction to that? the paper, the ft, also not picking up on that.— picking up on that. there is one little art picking up on that. there is one little part of— picking up on that. there is one little part of the _ picking up on that. there is one little part of the budget - picking up on that. there is one little part of the budget that. picking up on that. there is one| little part of the budget that did revert to brexit, and that was what rishi sunak hoped was the rabbit out of a hat at the end, which is the idea of free ports, which are special economic zones where essentially you can cut taxes, have looser planning regulations, and the idea is to encourage lots of investment, and rishi sunak set out eight of these, including in the east midlands, in teesside, in felix tier, along the thames gateway as well, now free ports, you can actually have within the eu, rishi sunakforgot to actually have within the eu, rishi sunak forgot to mention, we actually have within the eu, rishi sunakforgot to mention, we have seven free ports until 2012, and they were abolished because they were seen as being used too avoid tax, but he said that they are coming back in a new and different way, and he put that down very much to the opportunities of brexit. now some economists and trade experts say that all three parts two is shunt economic activity from one

place to another, but they are very symbolic, and lots of these free ports are going to places that voted for brexit and feel a bit left behind behind the economy, but overall the economic picture, no, there was no reference at all, and that's because the huge wallop that coronavirus has given to the uk economy means it dwarfs anything from brexit to come into comes back to this point i was saying earlier that we have left the eu now, what is coming of the other side? because i'm sure raising corporation taxes is not exactly what rishi sunak had in mind when he went through the numbers, backing brexit in 2016. thank you for bringing up the plaintiff reports. that's a really good point, actually, sebastian. let's have a look at the telegraph. how is this being paid for? and this idea that the chancellor is seemingly tying himself up until 2026, measures that normally i chancellor would use to increase

funds, you know, get some money back, will not be available to him because he's kind of put a forward thinking stop to those up until the next what is a? 4—5 years time. so what is your thinking of these kind of handcuffs until 2026 notion? well, he kind of has to do that, doesn't — well, he kind of has to do that, doesn't he? he is taking a gamble, there _ doesn't he? he is taking a gamble, there is— doesn't he? he is taking a gamble, there is an — doesn't he? he is taking a gamble, there is an enormous amount of spending — there is an enormous amount of spending that will be going on over the next _ spending that will be going on over the next two years, the independent office _ the next two years, the independent office for— the next two years, the independent office for budget responsibility has said that _ office for budget responsibility has said that the recovery will happen sooner— said that the recovery will happen sooner than previously thought. on deployment will be quite as bad as previously thought, so he is gambling that if he spends now, we will he _ gambling that if he spends now, we will be able to pay later. it will be ok — will be able to pay later. it will be ok to — will be able to pay later. it will be ok to keep these... to maintain the tax— be ok to keep these... to maintain the tax thresholds which will mean that more — the tax thresholds which will mean that more than a million people are paying _ that more than a million people are paying tax— that more than a million people are paying tax for the first time in more — paying tax for the first time in more than _ paying tax for the first time in more than a million people are in a higher— more than a million people are in a higher tax— more than a million people are in a higher tax bracket. at those things have to _ higher tax bracket. at those things have to he — higher tax bracket. at those things have to be deferred, don't they? because — have to be deferred, don't they? because he has to get the economy going. _ because he has to get the economy going. get— because he has to get the economy going, get people spending again in

order that _ going, get people spending again in order that we can find some way out of this _ order that we can find some way out of this. �* , ., ., order that we can find some way out of this. �*, ., ., , ., of this. let's have a bit more detail some _ of this. let's have a bit more detail some some _ of this. let's have a bit more detail some some of- of this. let's have a bit more detail some some of these i of this. let's have a bit more i detail some some of these new notion, sebastian, something that we are learning about, super deduction, it's been assessed by the opr, they are looking at it with a bit of caution saying that this potentially brings planned investment from future years, so the chancellor kind of getting, hedging his bets now and not worrying about what potentially could happen in the nearfuture. this massive rise in corporation tax which is not due to kick in until 2023, in the timing of that is quite interesting because first of all, it's after 2022, which the opr has forecast the uk economy will go by 7.4% which is a huge amount, and i think it's the festive you will have seen of economic growth in one year since 1941. of course, we are coming from a very low base at that point, but i think the idea is that 2022,

we are past coronavirus, we have got the economy back and on the road again before taking this corporation tax to deal with the question of the public finances. of course, doing that does give this big risk of business not investing, and that comes back to the earlier brexit question as well. you have to encourage inward investment. so rishi sunak announced a thing called a super deduction, which is what he described as the biggest biggest business tax cut in history, before 2023, a two—year break, which will allow the company to deduct 130% of their investment from their taxable income, so that's equivalent to cutting their taxes, the idea of that will get things going, encourage businesses to start into startling profits again, but i think that might work in the short term, and we are not so sure about that in the longer term. the reaction from the longer term. the reaction from the city of london is quite striking because corporation taxes really going to hit those bigger companies

of top executives. most of them say this budget is acceptable. they think it's the right thing to do. you have got to get the pup in the ft and things in business to come even though this is a big tax rise, businesses will go along with it for now. do businesses will go along with it for now. y ., ~ businesses will go along with it for now. , ., ~ , businesses will go along with it for now. i. ~ , ., ., now. do you think there is a danger with this super _ now. do you think there is a danger with this super deduction _ now. do you think there is a danger with this super deduction that - now. do you think there is a dangerj with this super deduction that there is a possibility of it being the investment equivalent of help to buy that these companies are, jenny, perhaps over stimulating themselves or creating a bubble right now creating a demand that further down the line from a potentially will be unsustainable, is inflated artificially. i unsustainable, is inflated artificially.— unsustainable, is inflated artificiall . ~ 3 . unsustainable, is inflated artificiall . ~' �*, ., ., artificially. i think there's a fear of that, but _ artificially. i think there's a fear of that, but the _ artificially. i think there's a fear of that, but the chancellor - artificially. i think there's a fear of that, but the chancellor hasl artificially. i think there's a fear i of that, but the chancellor has to do whatever he can to get people investing — do whatever he can to get people investing now and not down the line, because _ investing now and not down the line, because in— investing now and not down the line, because in order for this gamble to pay off, _ because in order for this gamble to pay off, money has to be circulating as soon— pay off, money has to be circulating as soon as — pay off, money has to be circulating as soon as possible. so it remains to he _ as soon as possible. so it remains to be seen— as soon as possible. so it remains to be seen how much that will help. it's certainly a very expensive

measure _ it's certainly a very expensive measure to be taken, i would say. the costs. — measure to be taken, i would say. the costs, the figures are absolutely i watering as we have touched upon already, but the daily telegraph also, sebastian, looking at how it this lockdown, all of its, we are going to be paying, according to ben right of your paper, for decades. all of us will be paying for this for decades. talk us through the thinking here. well, the fact is that about _ through the thinking here. well, the fact is that about £352 _ through the thinking here. well, the fact is that about £352 billion - through the thinking here. well, the fact is that about £352 billion has . fact is that about £352 billion has been spent on the coronavirus pandemic from the furlough scheme which we learn today is going to continue through september, we will start to phase out gradually from july as things start to open up again as well. on the vaccine programme, and testing trays, for grants, for help for self—employed, the treasury has really spent a lot of money here, and the better rishi sunak made was that we would get a vaccine, get people vaccinated and then get the economy going as quickly as possible. given the terrific success of the uk's vaccine

programme, that that seems