On 23 March, Chancellor Rishi Sunak presented his Spring Statement—a kind of mini-budget—and unveiled some tax cuts to support consumers....
News Category: Fiscal
-
United Kingdom: Chancellor announces fresh fiscal support in Spring Statement, but insufficient to offset cost of living squeeze -
United Kingdom: Expansionary 2021 budget raises taxes and government spending In late October, Chancellor Rishi Sunak outlined the government’s autumn budget and spending review, which announced a large increase in... -
United Kingdom: 2021 budget promises sizable near-term stimulus, but modest fiscal tightening further ahead On 3 March, Chancellor Rishi Sunak outlined the government’s 2021 budget, which extended a host of Covid-19 support measures in... -
United Kingdom: Fiscal policy to stay fairly loose next year to support economy On 25 November, Chancellor Rishi Sunak outlined the government’s spending plans for FY 2021–2022 (April 2021–March 2022). While overall spending... -
United Kingdom: Additional stimulus package unlikely to alter downbeat economic panorama On 8 July the government unveiled additional fiscal measures worth GBP 30 billion. Chief among these were GBP 1,000 bonuses... -
United Kingdom: Autumn budget sets out more expansionary fiscal stance On 29 October, Chancellor Philip Hammond presented the autumn budget, which marked a notable loosening of the fiscal stance due...