2021 Budget - the political reaction

03 Mar 2021

Addressing the House of Commons, Chancellor Rishi Sunak used the 2021 Budget to 'do whatever it takes' to financially support people and business as the UK recovers from the coronavirus (COVID-19) pandemic.

However, Labour Party leader Keir Starmer stated that the Chancellor delivered a Budget that merely 'papered over the cracks rather than rebuilding the foundation'.

He said: 'After the decisions of the last year and the decade of neglect, we needed a Budget to fix our economy, to reward our key workers, to protect the NHS and to build a more secure and prosperous economy for the future.'

Mr Starmer said that the Budget 'won't look so good for the millions of key workers who are having their pay frozen and for the businesses swamped by debt'.

Responding to the Budget, Ed Davey, leader of the Liberal Democrats, said that the 'knee-jerk reaction of extending furlough is not enough to help struggling small businesses'.

Meanwhile, the Green Party stated that the pandemic has 'left the government with a clear choice: continue business as usual, or use the financial and monetary levers available to fund a green recovery'.


xero quickbooks.png sage.png kashflow.png
Copyright

© 2024 Mark J Rees LLP. All rights reserved.

We use cookies on this website, you can find more information about cookies here.
Contact Us

Please call:
0116 2549018

Address
Mark J Rees LLP, Granville Hall, Granville Road, Leicester, Leicestershire LE1 7RU

Mark J Rees LLP is a Limited Liability Partnership Registered in England & Wales Number OC362074. A list of members’ names is available at the business address. MJR, Mark J Rees and MJR Wealth Management are trading styles of Mark J Rees LLP which is registered to carry on audit work in the UK by the Institute of Chartered Accountants in England and Wales and authorised and regulated by the Financial Conduct Authority.

‘Partner’ refers to a director of a corporate member.