Raise Taxes Or Cut Expenditure?

Kenneth Wattret, Chief Europe Economist, IHS Markit

05-Mar-21 07:37

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UK’s Budget 2021, which was unveiled on Wednesday, has been labelled a ‘spend now, pay later’ budget. Chancellor Rishi Sunak is extending many economic measures including the furlough scheme but is also raising corporation tax in 2023 from 19% to 23%. Kenneth Wattret, Chief Europe Economist at IHS Markit, gives us his views on whether the Budget will help recover the economy, the worst in 300 years.

Image Credit: Ilyas Tayfun Salci / Shutterstock.com

Produced by: Arleen Webber

Presented by: Khoo Hsu Chuang, Philip See, Wong Shou Ning

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Categories: Business Analysis, Trends and Forecasts, Markets, Politics, Social Issues, law & legal matters, Investments

Tags: UK, spring budget, rishi sunak, corporation tax, expenditure,

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