Spending Review 2021: Improved growth and 'scarring' forecasts boost spending but Sunak tightens borrowing rules

'Discipline and responsibility'

James Baxter-Derrington
clock • 2 min read
Chancellor Rishi Sunak
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Chancellor Rishi Sunak

Chancellor Rishi Sunak has reintroduced restrictions on government borrowing after temporarily suspending them as a result of coronavirus, in the first multi-year spending review since 2015.

Speaking as part of the Autumn Budget 2021, Sunak pointed to figures from the Office for Budget Responsibility (OBR), which revised the UK growth rate forecast upwards in 2021 to 6.5% from the 4% predicted...

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