Second album syndrome?

The Chancellor has prepared the pitch for a tough second Budget, with tax rises expected as part of a fiscal strategy designed to reassure markets that the UK’s public finances are firmly under control. But the Chancellor has also promised to protect the NHS, boost growth and support families with the cost of living. Acting decisively on all of these priorities would be no mean feat as part of a Budget that takes more than it gives.

How tough a settlement has the Chancellor delivered on tax rises and spending cuts? To what extent have manifesto pledges been breached? How much will the measures announced help or hinder economic growth? Who are the main winners and losers? And to what extent has this Budget laid the groundwork for the rest of the Parliament?