15th March 2021

M&G: UK Budget 2021: What stands out for investors?

The first Budget from the UK’s Chancellor of the Exchequer, Rishi Sunak, was delivered on the same day in March 2020 that the global COVID-19 pandemic was officially declared.

While it was clear then that its effects would be profound, few predicted that the virus would wreak so much damage on public health and public finances.

The UK economy shrank by a remarkable 9.9% in 2020 – its largest annual contraction in three centuries, according to the Treasury. In response, the UK government has borrowed the most it ever has in peacetime to support businesses and households, and to help stimulate economic activity.

Investments, Budget

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