The budget

I watched the budget today.

The Chancellor seemed to keep cutting taxes mostly.

Usually a Chancellor says "Now I turn to personal taxation" and I was thinking that with all these cuts and the costs of the pandemic that there would be tax increases to pay for it all, possibly quite reasonably in the circumstance of the pandemic as the money needs to be recovered from somewhere.

But no! Suddenly he commended it to The House and sat down.

Did I miss something?