The UK economy has faced many challenges but arguably nothing so severe as the global pandemic over the last 12 months.
The Chancellor, Rishi Sunak, will deliver his Spring Budget on 3 March, whilst most of the UK looks set to remain in lockdown and where any decisions could have far-reaching and long-term effects.
The Chancellor has to tread a fine line between public health, policy and political decisions at this critical juncture.
Will he seek to raise taxes now in order to start to make a dent in the Treasury’s deficit, or will he defer any rate rises and continue to support people, businesses and jobs until the curve has flattened and we are able to return to a more normal way of life? |
