According to earlier reports, Sunak plans to create a "new economy post-COVID", as the country is entering an economic "age of optimism" despite the escalating pandemic.
Prime Minister Boris Johnson and Chancellor of the Exchequer Rishi Sunak are explaining their budget plans in parliament on Wednesday.
Among the already unveiled policies, planned by the cabinet, are £5.9 billion ($8 billion) for NHS England to help the service amid the health crisis, £6.9 billion (almost $9.5 billion) for transportation projects, and hike of the National Living Wage from £8.91 ($12.21) per hour to £9.50 ($13), to come into effect from April.
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"Today's budget does not draw a line under COVID. We have challenging months ahead". Sunak told MPs. "But today's budget does begin the work of preparing for a new economy post-COVID".
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