It would seem that as well as serving as the UK’s Chancellor, Rishi Sunak is also some sort of magic man – as he showed when he left No 10 and turned his folder from red to green…

The video captured by Sky News shows Sunak emerging from 10 Downing Street to prepare to deliver his budget later today (11 March) – which he’s already promised will be ‘historic’.

As he walks out, he’s carrying a red folder in his hand. Then, as he passes a black car, he re-emerges in full shot with a green folder. Abracadabra.

Taking to Twitter, someone explained: “Our chancellor, @RishiSunak is magic, simple as that!” Another said: “Downing street does not exist. It’s all greenscreen and CGI.” Makes sense, tbf.

But this panic-stricken tweeter said: “We should be able to trust News footage. Seriously worries me,” adding: “Very worrying indeed what a competent video editor can do.” Changing a folder’s colour, whatever next…

Another speculated: “Listen to the voice over, it’s a joke about a ‘green’ budget.”

The chancellor is yet to comment on the colour-changing folder – probably because he’s got bigger fish to fry as he is about to deliver his first budget.

According to the Guardian, he’s expected to devote his statement to the emergency measures the Treasury will take to cushion the economic impact of the coronavirus.

It’s thought Sunak could also boost spending on infrastructure and innovation. With him saying on Tuesday: “This is a budget for people right across the country – no region will be left behind.

“We have listened and will now deliver on our promise to level up the UK, ensuring everyone has the same chances and opportunities in life, wherever they live.

“By investing historic amounts in British innovation and world-class infrastructure, we will re-balance opportunities and lay the foundations for a decade of growth for everybody.”

In a series of tweets on Monday (9 March), Sunak promised a number of things, which included that 2020 will be the last year that women are taxed on sanitary products, funding for flood defences will be doubled and that £8 million ($10 million) will be pumped into the Parklife scheme to build proper football pitches for over 300,000 young people to play on.