Business guide to Budget published

Ahead of the Chancellor Rishi Sunak 's Budget tomorrow, Western Union Business Solutions have published a business guide for the announcement, which is anticipated as one of the most closely followed Budgets in decades.

The Chancellor will set out the government 's next steps to rebuild the economy in the House of Commons at around 12.30pm.

Mr Sunak is expected to include support for some of the most hardest-hit by the pandemic.

Foreign exchange and macro strategist at Western Union Business Solutions, George Vessey (pictured), has produced the guide in advance of the Budget with key insights on government borrowing, the Budget 's potential impact on the UK economy and currency, and events that have shaped sterling 's exchange rate since the health crisis began last year.

George said: “Last year, the UK economy shrank by 9.9 per cent- its worst slump since the Great Frost of 1709. However, the latest figures showed the economy narrowly avoided a double-dip recession.

“Extensive monetary and fiscal stimulus measures have softened the economic blow so far and policy makers are expected to stay on the accelerator, which should fuel a strong recovery once pandemic-related restrictions ease. ”

To download the guide, click here.