Budget 2021: Economy will return to pre-Covid levels at the turn of year, Sunak says

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The Independent published this video item, entitled “Budget 2021: Economy will return to pre-Covid levels at the turn of year, Sunak says” – below is their description.

Rishi Sunak says the economy is forecast to return to pre-Covid levels by year-end, growing by 6.5% in 2021, during his Budget announcement.

The chancellor 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, Mr Sunak said inflation was 3.1% in September and is “likely to rise further”.

Read more: https://www.independent.co.uk/business/obr-gdp-budget-rishi-sunak-covid-b1946287.html

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