"Chancellor of the Exchequer Rishi Sunak will announce the Government’s spending plans for the next twelve months this week. In a TV interview yesterday, he was at pains to calm concerns regarding how the expenditure will be paid for.

It is fairly clear that there will be tax increases at some point in the next two to three years but there will be no return to austerity despite the threat of a public sector wage freeze.

There will be more money provided to the NHS with £3 billion made available immediately to allow it to catch up with procedures delayed by Covid-19 and to replace equipment.

The threat of a pay freeze for the rest of the public sector has raised concerns over industrial action, but as Sunak said, there has been a huge amount of struggle for the private sector over the past nine months and the Government cannot immunise those working for local councils etc."

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