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Manage episode 286520280 series 2476313
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It was the most anticipated budget of a generation as the eyes of a nation descended upon chancellor Rishi Sunak. A man who has the unenviable task of helping to balance Britain’s books at a time when national debt stands at £2.1 trillion. The budget required all the poise of a tightrope walker trying to ensure the delicate balance between survival and suffocation of a nation desperately in need of resuscitation. There was breathing space for employees as the furlough scheme was extended until September, and the universal credit top up scheme which has been a lifeline for many will continue for a further 6 months. However, the chancellor did announce the highest tax increase in 28 years, reversing more than a decade of tax cuts by successive Tory governments, a move which has been described by financial experts as a ‘significant risk.’ Sputnik spoke with former London mayoral candidate, Winston McKenzie to hear what he thought about Rishi Sunak’s budget and what it means for the British public.