Chancellor of the Exchequer Rishi Sunak is likely to pocket most of the extra proceeds from a record rebound in Britain’s economic growth as he delivers his annual budget on Wednesday.
Output has recovered more than budget officials anticipated when they last released forecasts in March, allowing Sunak to deliver what’s likely to be the biggest upgrade in four decades of forecasting. He’s due to speak to Parliament at 12:30 p.m. London time.
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October 27, 2021 at 11:00AM
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UK Budget: Sunak Set to Save Proceeds From Economic Rebound - Bloomberg
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