What to expect in the Chancellor's Budget 2021

The video discusses the unusual 19% GDP deficit, likening it to wartime budgets. It highlights the balancing act required by Mr. Sunak to manage the pandemic through fiscal support while considering future debt management.

What percentage of GDP is mentioned as the current year deficit?

What unusual circumstances are implied by the current budget situation?

What is the key balancing act that Mr. Sunak has to consider?

How does the government plan to support people and businesses during the pandemic?

What challenges are associated with managing high levels of deficit and debt?