Sunak`s Spring Budget Expected To Assist Hard-Pressed Industries

As plans to ease out lockdown restrictions are underway, Rishi Sunak has devised a strategy to help the hard-pressed industries.

Rishi Sunak planning ‘giveaway budget’ to help pubs and High Street — report
Rishi Sunak/Picture credit: Independent

As plans to ease out lockdown restrictions are underway, Rishi Sunak has devised a strategy to help the hard-pressed industries.

Many sectors across the UK have been seriously impacted by the lockdown which was meant to “stamp on” coronavirus strains which had emerged, with high number of daily fatalities.

In an effort to boost the UK`s economic recovery post-lockdown, Chancellor Rishi Sunak is expected to publish a “giveaway budget” in the upcoming week. A series of measures to assist pressed industries as well as to encourage people to get out and shop will be included in the budget.

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A number of extensive measures will be considered to encourage the public to start spending and revive the economy. Last year`s  Eat Out To Help scheme could be reinstated as part of the measures to help the UK economy bounce back.

“Our priority throughout the past year has been to protect as many jobs as possible – which is why we’ve invested more than £280bn to support jobs, businesses and our public services”, the treasury said.

“We will continue to invest in protecting and creating jobs through the remainder of the pandemic and through recovery, and we will set out further details via the next stage of our Plan for Jobs at the upcoming Budget.”

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The government vowed to continue offering financial support for jobs throughout the crisis. In a statement on Monday, Prime Minister Boris Johnson promised the government will do “whatever it takes to help businesses and workers”.

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