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Budget 2021: Economy will return to pre-Covid levels at the turn of year, Sunak says
Rishi Sunak says the economy is forecast to return to pre-Covid levels by year-end, growing by 6.5% in 2021, during his Autumn Budget announcement.
The finance minister warned of “tough months ahead” as inflation is to spike to 4% next year with the economy struggling to keep up with the demands of Covid and Brexit.
During his speech to the Commons on Wednesday [today] Mr Sunak said inflation was 3.1% in September and is “likely to rise further”.
Watch live as he delivers the Budget from the Commons.
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