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Here’s what City firms make of the Budget

'The UK cannot forget it exists in a highly competitive global landscape'

Rishi Sunak leaves 11 Downing Street before presenting the government's annual budget to Parliament
Rishi Sunak leaves 11 Downing Street before presenting the government's annual budget to Parliament Photo: Justin Tallis/AFPGetty Images

UK Chancellor Rishi Sunak has delivered a budget that he said is designed to “protect jobs and the livelihoods of British people”, while acknowledging the government had been borrowing on “an extraordinary scale”.

But he added that the country could be “optimistic about the recovery”. Prime Minister Boris Johnson, who also spoke in Parliament, said that the government's plan would focus on innovation, skills and infrastructure.

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