Emergency Budgets are a bad idea, but with the economic changing fast Reeves may not have the luxury of waiting until Autumn to raise taxes, says Tim Sarson

Last autumn, after a long, long summer of speculation and rumour, our newly installed Chancellor of the exchequer Rachel Reeves delivered what she promised would be the first in a new annual series of Budgets. One autumn event each year, with the spring forecast seemingly relegated to more of a progress update than a Budget with a capital B.

It’s not the first time a Chancellor has promised this. The Treasury has longed to get back to a once-a-year cycle for ages. But it’s easier said than done. A year is a long time in economics. Indeed, since 20 January when the new........

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