Summer statement 2020: IFS airs doubts on 'unprecedented' UK economic stimulus

Thinktank fears deficit will go higher, new job retention plan is wasteful, and questions stamp duty and VAT cuts

Britain is in the middle of an unprecedented crisis but some things never change. On the day after a budget or a mini-budget, the chancellor of the exchequer can expect to have what he considers a flawless package picked apart by the Institute for Fiscal Studies.

Rishi Sunak's summer statement was not accompanied by new forecasts for the economy and the public finances but there was still plenty for the thinktank that specialises in all things to do with tax, spending and budget deficits to get its teeth into.