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Kirk Rice Blog

Chancellors Spending Review SummaryWritten on November 26, 2020 by Kirk Rice LLP

Highlights No tax announcements, although the Chancellor noted that “we have a responsibility … to return to a sustainable fiscal position”. Government borrowing projected to be £394 billion in 2020/21 before stabilising at around £100 billion from 2023/24 onwards. Total debt to remain over 100% of GDP. The Office for Budget Responsibility (OBR) says that […]

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