“We have a responsibility, once the economy recovers, to return to a sustainable fiscal position” said the Chancellor of the Exchequer Rishi Sunak.

But, with the end of the Coronavirus pandemic nowhere in sight, and businesses still coming to terms with the effects of the Brexit deal, The Chancellor’s focus will be on supporting people and businesses rather than rebuilding the economy.

In fact, the Spring Budget 2021, which will take place on 3 March, was announced in a statement that read “The Budget will set out the next phase of the plan to tackle the virus and protect jobs” - which would somewhat mirror the approach taken last year to scrap the Autumn Budget 2020 in favour of a ‘Winter Economy Plan’ that focused on more immediate needs.

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