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,