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Rishi Sunak flags tax rises in budget as total Covid spending tops £400bn Richard Partington Economics correspondent
Rishi Sunak has outlined tax rises on companies and workers to pay for an additional £65bn of financial support to see Britain through the coronavirus pandemic, taking total government spending on the crisis to more than £400bn.
The chancellor trailed before the budget that he would extend the furlough scheme until September, and allocated billions of pounds in business grants and tax cuts to help employers while lockdown restrictions remain and the economy takes time to recover from the worst recession in 300 years.
The Foreign Office minister, James Cleverly, has defended the UK government’s delay in implementing quarantine hotels, as reports claimed ministers were racing to reserve thousands of hotel rooms near airports in time for the beginning of the scheme on 15 February. Ministers expect almost 1,500 UK residents a day to return from 33 “red list” countries, which includes most of South America, southern Africa, UAE and Portugal, where new variants of.