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With UK liabilities set to peak at about 97pc or 110pc of GDP, the Chancellor is right to be worried about higher interest rates

| UPDATED: 08:25, Sun, Feb 28, 2021 Link copied Black Wednesday: Kenneth Clarke recalls waiting for ERM exit Sign up to receive our rundown of the day's top stories direct to your inbox SUBSCRIBE Invalid email When you subscribe we will use the information you provide to send you these newsletters. Sometimes they'll include recommendations for other related newsletters or services we offer. Our Privacy Notice explains more about how we use your data, and your rights. You can unsubscribe at any time. On January 1, the post-Brexit transition period expired, meaning EU rules no longer apply ...

Now is not the moment to clobber people and business with tax rises The Chancellor must temper his desire to tackle the record-breaking budget deficit 28 February 2021 • 7:00pm Better than any of its predecessors, Wednesday’s budget encapsulates the dilemmas and balancing acts that dominate economic policy. The main influence is the novel requirement to support the economy through the lockdown. But the thinking behind the budget reflects three established and often conflicting traditions in macro-economics – Keynesian advocacy of using the Government’s budget to manage aggregate deman...

But the Sunday Express has learnt that in meetings with the Prime Minister, senior Tory backbenchers have won a private commitment to enterprise zones which are expected in Chancellor Rishi Sunak’s Budget statement on Wednesday. Bishop Auckland Conservative MP Dehenna Davison said: “This is a private sector-led way of delivering the levelling up agenda that we promised – much better than trying to just transfer public sector jobs. “Enterprise zones are places with tax breaks to set up new business and create new jobs and have proven to be highly successful in kickstarting the economy ...

Tax rises are not inevitable - in fact, such hikes to tackle the budget deficit would be self-defeating