UK Budget 2021: Fiscal head-aches and a new UK infrastructure bank

Hogan Lovells
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The economic challenges faced by Chancellor Rishi Sunak in preparing his 2021 budget could not be more different to those that he faced when preparing his first budget, in 2020. His 2020 budget was effectively undermined within hours of him presenting it to Parliament by the rapid emergence of the coronavirus pandemic in the UK and the ongoing effects of the pandemic have clearly shaped much of his budget for 2021.

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