The Budget: A preview of what to expect from Rishi Sunak

The video discusses the UK's economic recovery and budget challenges, focusing on the Chancellor's strategies to balance economic stimulus with potential tax increases. Key areas include corporation tax, capital gains tax, and tax thresholds. The video also explores the impact of online vs. high street retail and the implications of government borrowing costs.

What is a key focus of the Chancellor's budget strategy?

• Balancing economic stimulus with potential tax increases

• Increasing government spending

• Reducing the national debt

• Cutting public sector jobs

Which tax is considered a likely target for increase due to its low international comparison?

• Inheritance tax

• Value-added tax

• Income tax

• Corporation tax

What is one potential change to tax thresholds mentioned in the video?

• Freezing tax thresholds

• Lowering the higher rate threshold

• Introducing a new tax bracket

• Raising the tax-free allowance

What is a proposed measure to level the playing field between online and physical retail?

• Subsidizing online sales

• Reducing business rates for physical stores

• Increasing import duties

• Introducing a delivery tax

Why is the rise in government borrowing costs a concern for the Chancellor?

• It could raise the interest taxpayers have to pay

• It might reduce public spending

• It could lead to higher taxes

• It may increase the national debt