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Raise Taxes Or Cut Expenditure?

Kenneth Wattret, Chief Europe Economist, IHS Markit

05-Mar-21 07:37

Raise Taxes Or Cut Expenditure?

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 /

Produced by: Arleen Webber

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

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Categories:  Business AnalysisTrends and ForecastsMarketsPoliticsSocial Issueslaw & legal mattersInvestments

Tags:  UKspring budgetrishi sunakcorporation taxexpenditure

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