'Three building blocks' of Rishi Sunak's budget

Chancellor Rishi Sunak told cabinet ministers that the “three building blocks” of the budget are “strong public services, infrastructure innovation and capabilities”.

A Downing Street spokesperson said the Chancellor had also committed to using post-Brexit freedoms to deviate from EU rules in order to “carry out a substantial reform of our tax system.”

The spokesman said: “The Chancellor outlined his plans for the budget and spending review that will bring the British people a stronger economy and promote high skills, high productivity and higher wages.

“He also outlined how strong public services, infrastructure innovation and skills, and support for working families are the three building blocks of this budget, stressing that all three would have major investments, including £ 6 billion to help NHS – Eliminate arrears and pounds sterling 3 billion investment in skills.

“The Chancellor described that the topping-up agenda would be the common thread that runs through this spending review and this budget and that it keeps our promises to create opportunities in our country.

“He stated that this budget is preparing for a new post-Covid economy and is a budget that is taking advantage of the opportunities that leaving the EU has given us to carry out a substantial reform of our tax system. “

Mr. Sunak said the budget is aimed at the “post-Covid” era.

He told MPs: “Today’s budget does not draw any limits under Covid, we have challenging months ahead of us.

“And let me encourage everyone to get their booster jabs right away. But today’s budget begins with preparing for a new post-Covid economy.

“The Prime Minister’s economy with higher wages, higher skills and increasing productivity. Strong public services, vibrant communities and safer roads. An economy that is fit for a new age of optimism.

“The only limit to our potential is the effort we are willing to make and the sacrifices we are willing to make.”

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