On March 3rd Chancellor of the Exchequer Rishi Sunak presented his Budget. As we wrote at the time, ‘Did a Chancellor ever have a more difficult task? He must plot an economic course out of the pandemic. He must give businesses incentives to invest – and at the same time raise enough money to cover the costs of Covid.’

On October 27th the Chancellor presented his second Budget of the year.

In the eight months since March there has been plenty of good and bad news for the UK economy. Optimistic growth forecasts have been balanced by worries about skill and labour shortages and problems in the supply chain. Now there are concerns about inflation – and international pressures as well, with a possible slowdown in China and a new coalition government in Germany.

The Chancellor’s job was difficult in March: by the end of October the task looked even harder.

It sets out the economic and political background, the measures taken by the Chancellor and the early reaction to his speech. You can read it by clicking this link. If you have any questions on the report, or on the Chancellor’s speech, please don’t hesitate to contact us.

We hope you enjoy our Budget round up.