ITV News published this video item, entitled “Budget 2021: How does the personal tax allowance freeze hit the pounds in my pocket? | ITV News” – below is their description.
The figures in any budget are sometimes hard to get your head around, but this year, more than ever the sums are enormous.
The chancellor’s offer of an extra £65 billion worth of business support will take his spending on the pandemic to an eye-watering £407 billion.
No wonder then Mr Sunak needs to raise more money. The Institute for Fiscal Studies – the key independent think tank on the public finances – says his was the biggest tax raising budget since Norman Lamont in 1993.
ITV News YouTube Channel
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