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Raise Taxes Or Cut Expenditure?

Kenneth Wattret, Chief Europe Economist, IHS Markit

05-Mar-21 07:37

Raise Taxes Or Cut Expenditure?

UK’s Budget 2021, which was unveiled on Wednesday, has been labelled a ‘spend now, pay later’ budget. Chancellor Rishi Sunak is extending many economic measures including the furlough scheme but is also raising corporation tax in 2023 from 19% to 23%. Kenneth Wattret, Chief Europe Economist at IHS Markit, gives us his views on whether the Budget will help recover the economy, the worst in 300 years.

Image Credit: Ilyas Tayfun Salci / Shutterstock.com

Produced by: Arleen Webber

Presented by: Khoo Hsu Chuang, Philip See, Wong Shou Ning


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Categories:  Business Analysis,  Trends and Forecasts,  Markets,  Politics,  Social Issues,  law & legal matters,  Investments

Tags:  UK,  spring budget,  rishi sunak,  corporation tax,  expenditure, 


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