Sunak to deliver 2021 Budget: Building preview

By Tom Lowe2021-03-03T06:00:00

Tax rises expected as chancellor tries to claw back cost of covid

Rishi Sunak will deliver his second full Budget to parliament this afternoon amid mounting pressure to claw back some of the vast funds spent on fighting the covid crisis over the past year.

Just under a year after introducing the furlough scheme, the chancellor is facing the challenge of how to balance the books after the government shelled out a record £270bn on mitigating the impact of the pandemic over the past 12 months.

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