Thursday 4 March 2021

On the recovery road

Assessing the Budget and economic outlook

Chancellor Sunak’s first year in office has been marked by a huge economic crisis, and unprecedented policy interventions to support workers and firms through the pandemic. With vaccines being swiftly rolled out, the year ahead should see the economy return to growth. But with rising unemployment and firms reluctant to invest, the road to recovery is far from straightforward. So the Chancellor’s Budget on 3 March comes at a critical juncture in terms of determining the strength and nature of Britain’s post-pandemic recovery.

How has the prolonged crisis impacted on the UK’s economic outlook? What will the Chancellor’s announcements mean for firms and households through the coming months? Is this a Biden-esque Budget, or more Osborne-ite? And will the UK’s recovery in GDP this year feed through into family incomes?

The Resolution Foundation is hosting an interactive webinar to debate and answer these questions the morning after the Budget. Following a presentation of key highlights from our overnight analysis of the Budget, we will hear from the OBR Chair Richard Hughes about his new forecasts and from policymaker, and co-author of the Conservatives 2019 Manifesto, Rachel Wolf. Viewers will be able to submit questions to the panel before and during the event.