The pandemic has left the UK with public debt levels unseen for decades. The Brexit trade deal has changed our trading relations with the EU and other countries. And we’re dealing with a new US President who promises a different approach to economic and tax issues.
That posed difficult questions for the Chancellor. Should he tolerate the high debt burden? Or should he seek to bring it down through a combination of tax rises and austerity? Some commentators argue that he should make tax cuts to spur growth and employment.
Listen to our on-demand recording of our Budget digital event, where our economic and tax specialists will analyse the budget and the impact of the measures on the economy, international and domestic businesses, employers and individuals.