that with an ageing population taxes would not be coming down. the chief secretary to the treasury, simon clarke, has spoken of a philosophical shift in conservatism and says he makes no apologies for investing more in public services to stimulate growth evenly across the uk. 0ur political correspondent, chris mason, has this report. any budget is a delicate mix of ingredients. first comes the chancellor s address to the commons. then it s a selling job. here we go. taxes on alcohol are being simplified. cheers! ..so a trip to a brewery was in order. to rishi! and the chancellor is out and about again this morning in what is so often a crucial time after any budget the day after as people start to plough through the budget documents to ferret out the details that weren t mentioned in the speech.
first comes the chancellor s address to the commons. then it s a selling job. here we go. taxes on alcohol are being simplified. cheers! ..so a trip to a brewery was in order. to rishi! and the chancellor is out and about again this morning in what is so often a crucial time after any budget the day after as people start to plough through the budget documents to ferret out the details that weren t mentioned in the speech. the obr says you ve raised more tax this year than any chancellor since 1993. are you happy to have that title? no, and i acknowledged it. yesterday during the budget, and i was very clear about it. i m not. i m not happy about that and i m not comfortable about it but it is the result of the country and the economy suffering - an economic shock, the likes i of which we haven t seen in 300 years, and our response to that i
here we go. taxes on alcohol are being simplified. cheers! ..so a trip to a brewery was in order. to rishi! and the chancellor is out and about again this morning in what is so often a crucial time after any budget the day after as people start to plough through the budget documents to ferret out the details that weren t mentioned in the speech. here are the key things we learnt. the economy is doing better than some thought, and the government s going to spend the extra money that it raises in taxes. prices are going up and are likely to for some time. the recent cut in universal credit won t be reversed, but workers who get it will be able to keep more of it as they earn more. and there ll be a 50% discount in business rates in england for the retail, hospitality and leisure sectors starting next year. where there are chances,
our political correspondent, chris mason, has this report. any budget is a delicate mix of ingredients. first comes the chancellor s address to the commons. then it s a selling job. here we go. taxes on alcohol are being simplified. cheers! ..so a trip to a brewery was in order. to rishi! and the chancellor is out and about again this morning in what is so often a crucial time after any budget the day after as people start to plough through the budget documents to ferret out the details that weren t mentioned in the speech. the obr says you ve raised more tax this year than any chancellor since 1993. are you happy to have that title?
Story of Budget 2021, in 9 charts
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Nirmala Sitharaman, India s finance minister, gestures as she speaks during a news conference in New Delhi, India, on Monday, Feb. 1, 2021.
(Bloomberg)
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The Union government has finally stepped on the gas when it comes to spending. But after a temporary splurge in the rest of this fiscal year, the finance ministry will tighten its purse strings to bring down debt levels, the budget numbers suggest
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Even as countries across the world raised spending aggressively to counter the economic impact of the covid-19 pandemic, India had remained an outlier. Throughout the pandemic, the finance ministry has argued for small doses of incremental spending to sustain the economic recovery rather than a big-bang boost. The Union budget on Monday marked a shift in fiscal stance for the first time, but only a partial one.