Spring Budget 2021: Sunak adds £65bn of support as OBR cuts growth forecast
Chancellor promises 'whatever it takes'
The Chancellor confirmed a £5bn restart grant to help businesses continue to trade as they come out of lockdown
Chancellor Rishi Sunak provided an additional £65bn of fiscal support in today’s (3 March) Spring Budget, promising the UK Government will do "whatever it takes" to support the UK economy, which is expected to bounce back more slowly than expected this year.
The Office for National Statistics (ONS) revealed that it now expects the UK economy to grow by 4% in 2021, down from the 5.5% forecast in November, with GDP growth of 7.3%, 1.7%, 1.6% and 1.7% in the...
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