Fall 2021 budget: What will Rishi Sunak do?
Rishi Sunak has been urged to put the climate emergency at the center of his budget and put an end to doubts that he is opposing the net zero crossing with the Cop26 summit in a few days.
The chancellor will unveil measures to raise wages, save the NHS, boost skills and improve transport links as part of a three-year spending deal, opening the battleground for the upcoming general election.
They are also expected to maintain the decade-long moratorium on fuel taxes – after a record 143 pence per liter drop in prices at the pump – despite criticism that the decision is in conflict. with climate policy.
Additionally, the chancellor will praise “a new era of optimism” in his budget amid forecasts that he will have more money than expected due to the rapid rebound in Covid.
The chancellor is expected to take an optimistic tone as he talks about building a ‘strong economy of the future’, promising higher wages, money for the NHS and investment in regional transport in projects.
Chancellor urges use of budget to help Scots face ‘real cost of living crisis’
The Scottish Finance Secretary has urged the Chancellor to reinstate the £20 a week recently withdrawn from Universal Credit.
Kate Forbes said Scots face a ‘real cost of living’ in a letter to Rishi Sunak as she used her inaugural speech in the Commons to bring certainty to the public sector in a broader sense, stimulate the economy and was asked to help us. The weakest in this difficult period”.
Ms Forbes, who will present the Scottish government’s draft budget in December next year, insisted that Holyrood ministers were “strongly opposed to any return to austerity”.
The Finance Secretary called on the Chancellor to reconsider the government’s recent decision to end the £20 per week increase in the universal debt introduced during the coronavirus pandemic.
chiara giordanoOctober 27, 2021 at 7:50 am
Chancellor promises “optimism” for Covid recovery
Rishi Sunak will applaud a ‘new era of optimism’ in his budget, amid forecasts that he will have more money than expected due to the rapid rebound from Covid.
The chancellor is expected to take an optimistic tone when it comes to building a “strong economy of the future”, with promises of wage hikes, cash for the NHS and investments in regional transport projects.
Analysts said Mr Sunak’s spending plans are expected to be hammered by forecasts for faster-than-expected growth in the spring as the economy revived since coronavirus restrictions were lifted.
The Office for Budget Responsibility (OBR), the independent body whose forecast guides budget spending, is expected to raise its growth outlook for 2021, lower unemployment forecasts and cut borrowing through higher tax revenues .
chiara giordanoOctober 27, 2021 at 7:40 am
Rishi Sunak urged to put climate at the center of budget announcement
Rishi Sunak has been urged to put the climate emergency at the center of his budget and put an end to doubts that he is opposing the net zero crossing with the Cop26 summit in a few days.
The chancellor will unveil measures to raise wages, save the NHS, boost skills and improve transport links as part of a three-year spending deal, opening the battlefield for the next general election.
our deputy political editor Rob Merrick More details are:
chiara giordanoOctober 27, 2021 at 7:36 am
hello and welcome IndependentUK political coverage live. We bring you all the latest stories and headlines as Chancellor Rishi Sunak presents his budget in the House of Commons today.
chiara giordanoOctober 27, 2021 at 7:34 am
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