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London bets on growth to straighten out its finances

2021-10-27T17:56:51.208Z


The British draft budget foresees an increase in spending which will not prevent a reduction in the deficit.


On the strength of stronger-than-expected growth, the Chancellor of the Exchequer

"spread the cash",

as the

Times headlined

.

During the presentation of his post-Covid budget on Wednesday, Rishi Sunak announced a sharp increase in government spending.

He also pledged help for low-income people and tax cuts to Britons worried about recent increases.

The public body OBR has thus raised growth forecasts from 4% to 6.5% for 2021, a welcome improvement after the 10% drop in 2020. The British economy should return to its pre-pandemic size as soon as possible. turning point of the year.

But labor shortages and skyrocketing energy prices are showing early signs of slowing down.

And the increase in GDP should be less strong than expected in 2022, estimated at 6% against 7.3% previously.

The minister also warned that the Covid was still hovering.

See also

Is one in two pension recipients born abroad?

Rishi Sunak announced that government spending would increase by

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Source: lefigaro

All news articles on 2021-10-27

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