The Chancellor will set forth plans in his Budget to prepare the UK for a “new economy post-Covid”. Rishi Sunak will outline a vision for "an economy fit for a new age of optimism", with the Chancellor prioritising Boris Johnson’s “green industrial revolution” while returning to some sort of fiscal discipline.
The Budget comes as new figures show GDP is set to grow by around 7% this year while borrowing has come in lower than predicted. Meanwhile, the Speaker of the House of Commons, Sir Lindsay Hoyle has chastised ministers for giving briefings on an unprecedented number of spending plans to the media before they are announced in Parliament.
Plans for spending on city regions, the minimum wage, the NHS, schools and training have already been announced. Ahead of the Chancellor’s speech, Labour's shadow chancellor Rachel Reeves issued a call to the government to create "a more resilient economy and take the pressure off working people".
Read more: Financial Times
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