UK Budget Analysis – March 2021
When Rishi Sunak, Chancellor of the Exchequer, left No 11 Downing Street at 10.45 on 03 March 2021, he held his Ministerial red box forwards for the waiting photographers. Yet, it was a different picture this year as he was not surrounded by members of his team. This visual sign of the pandemic was more than an indication of the topics that would form part of this annual event.
With National Debt at the highest since 1963 (reflecting the cost of UK Government support measures), all eyes were on the continuation of these support schemes, new ones, new / changed measures for payroll and reward, plus the promised ‘levelling’ of how this would be paid for in the future.