Feb 28, 2021

Budget: Rishi Sunak promises help as Covid restrictions ease

Chancellor Rishi Sunak has said he is preparing a Budget that "Provides support for people... through the remaining stages of this crisis". Meanwhile Labour's shadow chancellor, Anneliese Dodds, accused the chancellor of being "Focused on politics" over protecting the economy. Ms Dodds said the chancellor should "Follow what is in the interest of our country" not "Party politics". Mr Sunak will lay out the government's tax and spending plans in his Budget on Wednesday, at a time when public borrowing has led to the highest national debt level since 1963. Conservative former chancellor Lord Ken Clarke has argued Mr Sunak should consider raising VAT, national insurance and income taxes in order to repair the public finances.

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