Skip to main content

Budget 2021: chancellor limits spending to start building election war chest

Rishi Sunak reassures Tory MPs that spending enabled by stronger than expected recovery will not be repeated

Rishi Sunak intends to cut taxes before the next general election, after limiting his budget help to deal with a winter cost of living crisis in order to start building up a war chest for the coming years.

The chancellor made clear that the boost to spending made possible by a stronger than expected economic recovery this year would not be repeated as he reassured Tory MPs that he would take action to reduce the UK’s highest levels of taxation since the early 1950s.

Continue reading...

from The Guardian https://ift.tt/3mlzbI1
Labels:

Comments

Post a Comment

Popular posts from this blog

The Guardian view on Covid-19, five years on: lessons still to be learned | Editorial

Though many would rather forget the pandemic, we are living with its consequences. Are we any better prepared for the next one? “When asked what was the biggest disaster of the twentieth century, almost nobody answers the Spanish flu,” notes Laura Spinney in her book Pale Rider, of an event that killed as many as one in 20 of the global population. “There is no cenotaph, no monument in London, Moscow or Washington DC.” Most of us will better understand that absence after Covid-19 , which was declared a pandemic by the World Health Organization five years ago this week. Some cannot put those events behind them: most obviously, many of those bereaved by the 7 million deaths worldwide (not including those indirectly caused by the pandemic ), and the significant numbers still living with long Covid . Others want to forget the loss of loved ones, the months of isolation and the costs to businesses, families and mental health. Do you have an opinion on the issues raised in this article? I...
Post a Comment
Read more