Sunak's Spending Review 'sobering' as Covid-19 leaves 'scars' on UK economy

Tax rises 'further down the line'

clock • 3 min read

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.

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Markets

Market Movers blog: UK gilt spike continues while oil prices stabilise

Market Movers blog: UK gilt spike continues while oil prices stabilise

Latest news and analysis

Investment Week
clock 20 March 2026 • 1 min read
Friday Briefing: Oil, oil and less oil

Friday Briefing: Oil, oil and less oil

Friday Briefing

Cristian Angeloni
clock 16 March 2026 • 3 min read
Bill Ackman's Pershing Square seeks $10bn New York IPO

Bill Ackman's Pershing Square seeks $10bn New York IPO

Combined IPO structure

Linus Uhlig
clock 10 March 2026 • 1 min read
Trustpilot