Finance

Budget 2021 LIVE – Rishi Sunak speech reaction and what minimum wage, beer and wine duty, & pension changes mean for YOU


An economic bounce back

In a landmark budget today the Chancellor swiped the nation’s credit card with a cash-splashing Budget of cheaper booze, Universal Credit boosts and minimum wage hikes.

He seized upon a roaring economic bounce back to announce “historically” high spending with more money for public services.

In a major win for Brits he announced measures to fix the delivery crisis, pour money into our World Cup bid and end the pay freeze for teachers and cops.

Mr Sunak gave a rosy picture of the nation’s economy by hailing rising employment, investment and wages.

He revealed the economy is now expected to recover fully from Covid by the end of the year, earlier than thought last March.

Seizing on the positive outlook, he vowed to throw an arm around vulnerable families struggling with the cost of living with “historically high levels of public spending”.

But the Chancellor insisted we need to fix the roof while the sun is shining by getting the finances back on to a more even keel.

He unveiled strict new rules forcing him to cut borrowing and making it harder to splash the cash – “because this isn’t the government’s money, this is taxpayer’s money.”





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