Responding to the public sector finance figures for January 2021, released by the Office for National Statistics, Alison Ring OBE FCA, ICAEW Public Sector Director, said:
“Although a little lower than some had expected, the sheer scale of the public borrowing undertaken in the first ten months of this financial year remains unprecedented in peacetime. The upcoming Budget will provide an opportunity for the Chancellor to outline a vision for how to repair the public balance sheet and put the public finances onto a sustainable path over the coming decade, even if 2021 is not the time for major tax changes.”
“We want to see the Budget focus on building a bridge to economic recovery, getting people back into work, help for exporters, and greater investment in digital technology to make our businesses competitive in the 21st century economy.”
Please direct all media enquiries to Jude Obi, Senior Media Relations Executive, ICAEW.