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: Princes Group sets London IPO date

Market Movers blog: Princes Group sets London IPO date

Latest news and analysis

Investment Week
clock 24 October 2025 • 1 min read
Prospect of pro-Trump Fed raises investors concerns for US economy

Prospect of pro-Trump Fed raises investors concerns for US economy

Yield curve to steepen

Linus Uhlig
clock 22 October 2025 • 5 min read
Stamp duty holiday a 'positive step' for UK competitiveness

Stamp duty holiday a 'positive step' for UK competitiveness

'Real investor appetite in the UK'

Patrick Brusnahan
clock 21 October 2025 • 3 min read
Trustpilot