UK Budget Includes Support for Tech, Special Economic Zones and More. Government Seeks to Attract Scientific Superstars
Earlier today,
Chancellor of the Exchequer Rishi Sunak presented the budget for 2021. Obviously, the government policy on spending comes at a difficult time as COVID-19 is still very much with us yet glimmers of relief are showing as the vaccine takes hold. The Chancellor noted that:
“Since March, over 700,000 people have lost their jobs. Our economy has shrunk by 10% – the largest fall in over 300 years. Our borrowing is the highest it has been outside of wartime.”
All in all, rather gloomy but the Chancellor assured us that the UK will recover while reiterating his ongoing commitment to protecting jobs and supporting the populace. Expectations are for the economy to return to pre-pandemic levels by mid-2022, six months earlier than previously anticipated.
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image captionFisherman Tommy Phillips said without the buildings there would be no fishing from Cadgwith Cove
A group fighting to save three buildings used by fishermen for centuries from potential development has raised more than £100,000.
The buildings at Cadgwith Cove, Cornwall, are used to store equipment and process catches.
One building, the Winch House, is up for sale and Grade Ruan Parish Council has been offered first refusal.
Fisherman Tommy Phillips said if the buildings went, so would the fishing industry in the cove.
He said: If we don t manage to secure these buildings, they are under threat if they get into the wrong hands.