FTI Consulting Public Affairs Snapshot – Budget 2021: A New Age of Optimism with a Large Measure of Small PrintDownload a PDF of this article
Today the Chancellor of the Exchequer, Rishi Sunak, delivered his third budget.
Although the pandemic still casts a cloud over everything the Government does, Sunak heralded “a new age of optimism”. This positivity was grounded in figures showing the UK economy recovering faster than expected. Nevertheless, the Chancellor recognised the danger presented by inflation and made clear that the Government was taking the issue seriously. Although the next General Election remains some way off, it was clearly front of mind for the Chancellor and his ambition to reach a budget surplus by the end of the Parliament combined with a restatement of his desire to cut taxes signals what may be in store in two or three years’ time.
FTI Consulting’s Public Affairs Team takes a look at the key measures and analyses their impact.