crisis batters the country's finances, Government borrowing for this financial year so far has ballooned to an eye-watering £270.6 billion, £222 billion more than the same period a year ago.It has also spent tens of billions of pounds guaranteeing loans to businesses as it tries to prop up the struggling economy.THE Budget is when the government outlines its plans for tax hikes, cuts and things like changes to the minimum wage.
The Budget is read out in the House of Commons by the Chancellor of the Exchequer. It will be Rishi Sunak's second Budget as Chancellor.
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