RE: Give it time this i wil be up in the 40s3 Mar 2021 15:56
"Businesses will be watching to see whether the business rates holiday and temporary VAT reduction for some sectors will be extended. The stamp duty holiday may be extended," says Hann-Ju Ho, Economist at Lloyds Bank.
Sunak has made it clear he does intend to "level with the public" about putting the government’s finances on a more sustainable footing, given the surge in government borrowing over the past year.
"There is speculation of future tax rises including potential increases in corporation tax and the freezing of income tax thresholds. Forecasts for economic growth and the public finances will be closely watched, but the medium-term outlook remains subject to significant uncertainty," says Ho.