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  • yet more massive spending to support the UK economy.

  • I said I would do whatever it takes I have done and I will do so.

  • UK Finance Minister Rishi Soon AC announced the country's latest economic plans on Wednesday.

  • The support measures include a five month extension to a job protecting furlough plan, plus a continuation of an emergency increase in welfare payments and an extension of a V A T cut for the hospitality sector.

  • A tax cut for Homebuyers was also extended until the end of June.

  • There is, though, a corporation tax hike on the way for large businesses in 2023 it will go from the current rate of 19% up to 25% though soon ACS says that will still be the lowest in the G seven group of major economies Soon.

  • As I said in his speech, the economy is likely to grow by 4% this year.

  • The obi are now expect the economy to return to its pre covid level by the middle of next year, six months earlier than previously thought.

  • But he says it will still be 3% smaller in five years time than it would have been without the damage of the last year.

yet more massive spending to support the UK economy.

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