Editor's note

The novel coronavirus, yesterday declared a pandemic by the WHO, has turned world markets upside down and cast a pall over growth forecasts everywhere. But Rishi Sunak marked his first budget as UK chancellor with a £30 billion mega-package aimed at keeping Britain on the rails.

With the big items including a £5 billion immediately for the NHS and a promise of “whatever it needs” to combat coronavirus, as well as hefty measures for businesses and the workforce, austerity is officially dead and buried. This reflects the global consensus that fiscal expansion is the new rock and roll – aka no one thinks that central banks have enough firepower to save the world economy a second time.

Our panel of experts in everything from health economics to taxation run the rule over the main budget measures, while macroeconomics specialist Costas Milas drills into the debt and deficit numbers.

Elsewhere, we bring you news of the smallest dinosaur skull ever discovered, while two philosophers mull what enlightenment titan Spinoza would have made of “no-platforming”.

Steven Vass

Scotland Editor

Top stories

Budget #1. EPA

Budget 2020: new UK chancellor unveils £30 billion coronavirus fightback – but debt forecasts look optimistic

Costas Milas, University of Liverpool

The new chancellor's plans won't look half as prudent if the economy tanks.

New chancellor, Rishi Sunak delivers his first budget. Victoria Jones/PA Wire/PA Images

UK budget 2020: experts react

Phil Tomlinson, University of Bath; Cam Donaldson, Glasgow Caledonian University; Craig Berry, Manchester Metropolitan University; Gabriella Conti, UCL; Gavin Midgley, University of Southampton; John Weeks, SOAS, University of London; Karl Schmedders, International Institute for Management Development (IMD); Madeleine Gabriel, Nesta; Ross Brown, University of St Andrews; W David McCausland, University of Aberdeen

Rishi Sunak has delivered his first budget as UK chancellor and the Conservative Party's first budget since winning the 2019 general election.

An artistic rendering of Oculudentavis. Han Zhixin

Smallest ever dinosaur skull found in 3cm piece of amber

David Martill, University of Portsmouth

The fossil includes the tiny flying creature's original bone and flesh.

Baruch Spinoza, one of the great rationalists of 17th-century philosophy. Unknown artist via Wikimedia Commons

Spinoza and ‘no platforming’: Enlightenment thinker would have seen it as motivated by ambition rather than fear

Beth Lord, University of Aberdeen; Alexander Douglas, University of St Andrews

It's not a case of being afraid of different ideas, more that some people want everyone to think as they do.

Health + Medicine

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