Rishi Sunak will today unveil his ambitious plan to build an economy fit for the future and usher in “a new age of optimism”.
The Chancellor’s Budget will set out a string of measures to boost growth after the pandemic shockwaves.
He will also map out how businesses can make the most of the UK’s new found Brexit freedom from Brussels to liberate companies from red tape.
Extra investment in the country’s Green Industrial Revolution will also be announced in the keynote financial address.
We will have stronger economy of the future
In his speech today, the Chancellor is expected to say: “Today’s Budget begins the work of preparing for a new economy post-Covid. An economy of higher wages, higher skills and rising productivity.
“Of strong public services, vibrant communities and safer streets. An economy fit for a new age of optimism.
“That is the stronger economy of the future.”
Better than expected economic growth forecasts to be published today by the Office for Budget Responsibility are understood to have given the Chancellor extra room to carry on spending.
Mr Sunak will confirm a string of Budget commitments already announced in recent days.
These will include an extra £6billion towards tackling the NHS treatment backlog left after Covid, a £7billion investment in local bus and rail services and a new Global Britain Investment Fund.
There is also an increase in the National Living Wage.
And around £500million is expected to be invested in providing extra support for families with newborn babies.
This story is from the October 27, 2021 edition of Daily Express.
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This story is from the October 27, 2021 edition of Daily Express.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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