03 September 2021 - Sunak needs more funding

"Chancellor of the Exchequer Rishi Sunak is looking to hit around half of the working population with a 2% tax rise to fund the Prime Minister’s social care plans. It is believed that around £10 billion of additional funding is needed to support the NHS as the country returns to normal, with waiting lists for routine procedures at an all-time high. The alternative to raising taxes is a reduction in services and a return to austerity, a choice the Government has promised not to make. Chancellor of the Exchequer Rishi Sunak is looking to hit around half of the working population with a 2% tax rise to fund the Prime Minister’s social care plans. Sunak continues to issue statements that he is committed to keeping public finances on a sustainable footing, with a policy promise that Government debt should return to pre-Pandemic levels by the 2022/23 financial year. " Beyond Currency Market Commentary: Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.