ITV News published this video item, entitled “Budget 2021: Universal Credit boost but inflation ‘likely to rise’ and pints get cheaper | ITV News” – below is their description.
Inflation in the UK is “likely to rise” even further than the nine-year high it is currently at, Rishi Sunak has admitted in his Budget, while offering a boost to the lowest earners in receipt of Universal Credit.
Setting out his fiscal plans, the chancellor also said he would simplify the UK’s system for taxing alcohol, which will make draught beer and prosecco cheaper by 2023.
In the meantime however, Mr Sunak admitted taxes on Britons will be at the “highest level as a percentage of GDP since the early 1950s”, with National Insurance and dividend tax set to rise next year.
He did say however that his ambition by the end of this parliament is for taxes to be reduced.
ITV News YouTube Channel
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