![]() ![]() The Budget sets out clearly the size of the challenge and steps to deliver more sustainable public finances, providing certainty and stability to people and businesses and supporting a strong recovery. Once economic recovery is durably underway, the public finances must be returned to a sustainable path, following a period of record peacetime borrowing. Support in the Budget reflects the easing of restrictions to enable the private sector to bounce back as quickly as possible.Īs the economy reopens, the Budget sets out the steps the government is taking to support the recovery, ensuring the economy can build back better, with radical new incentives for business investment and help for businesses to attract the capital, ideas and talent to grow. The Budget sets out how the government will extend its economic support to reflect the cautious easing of social distancing rules and the reopening of the economy in the government’s roadmap. Thanks to people’s hard work and sacrifice, supported by the success of the initial stages of the vaccine rollout, there is now a path to the reopening of the economy. In the face of this threat, the government acted swiftly to provide support to protect businesses, individuals and public services across the UK, adapting its economic response as the pandemic evolved. Like that of many other countries, the UK’s economy has been hit hard, with both the direct effects of the virus and the measures necessary to control it leading to an unprecedented fall in output and higher unemployment. The Budget follows a year of extraordinary economic challenge as a result of the ongoing COVID-19 pandemic. Ordered by the House of Commons to be printed 3 March 2021. ![]() Presented to Parliament as a return to an order of the House of Commons. ![]()
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