CHANCELLOR “LEVELS UP” WITH US ON TAX.
In the Chancellor’s second real Budget on 3 March 2021, he announced that he had to level with people about the state of the UK economy.
Rishi Sunak has chosen a fine line between raising taxes to start paying down the massive Government borrowings but at the same time stimulate economic recovery and save jobs. He was also mindful of pledges made in the Conservative Party manifesto not to raise income tax, VAT, and national insurance.
This is a significant and challenging peacetime budget which is aimed at boosting productivity and the recovery process.
We have split this into three sections, looking at: