Chancellor empties his purse for a pandemic-beating budget
The impact of the coronavirus pandemic on the UK’s economic agenda dominated the Chancellor’s 2021 Budget Statement, with support for business and jobs receiving top-line billing. In a statement focused on “protecting jobs and livelihoods”, the Chancellor outlined a range of measures designed to provide a continuing safety net for individuals, businesses, and the wider economy during the planned exit from lockdown and beyond, as outlined in the Prime Minister’s roadmap in February. This further support will see the country recording the highest-ever level of peacetime borrowing, at 16.9% of…