Sunak's Spending Review 'sobering' as Covid leaves 'scars' on UK economy
Tax rises ‘further down the line’
Borrowing this year has reached £394bn
Chancellor Rishi Sunak delivered a “sobering picture” of the UK economy in his one-year Spending Review, with Covid-19 leaving “long lasting” scars, according to industry commentators, who predict that this further round of spending will need to be paid for through higher taxation.
"The Chancellor spelt out quite clearly the extreme damage that has been done to the economy; the numbers are frightening," Neil Birrell, CIO at Premier Miton Investors, said. Sunak confirmed to the...
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