There are several questions that he will need to consider when setting this budget – all questions caused by the £271bn deficit caused by the Covid crisis:
- What level of debt is sustainable for the UK?
- How should that debt be financed and serviced?
- What level of budget deficit/surplus should we be aiming for and over what time period? Should taxes be increased?
- What further immediate and longer-term Government support does the economy need?
Join us at 12.30pm on Budget day as the Chancellor takes to his feet. A number of PKF Francis Clark tax & VAT specialists will provide live commentary and reaction throughout the speech and during the afternoon.