Sunak's Spending Review 'sobering' as Covid-19 leaves 'scars' on UK economy
Tax rises 'further down the line'
Rishi Sunak preparing the Spending Review. Photo: HM Treasury/Flickr CC BY-NC-ND 2.0
Chancellor Rishi Sunak delivered a "sobering picture" of the UK economy in his one-year Spending Review, with Covid-19 leaving "long lasting" scars, according to industry commentators, who predict that this further round of spending will need to be paid for through higher taxation.
"The Chancellor spelt out quite clearly the extreme damage that has been done to the economy; the numbers are frightening," said Neil Birrell, CIO at Premier Miton Investors. Sunak confirmed to the...
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