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British Finance Minister Rishi Sunak announces the government’s public spending plans for the year.
The government of Prime Minister Boris Johnson has embarked on unprecedented fiscal stimulus last year, while the economy was forged by a coronavirus pandemic, suffering its own the sharpest contraction in more than 300 years.
The British budget for 2021 comes when the national restrictions on Covid-19 are slowly lifted in the coming months. Analysts expect possible tax increases and hints of future tightening to appear in the latest budget announcement on Wednesday.