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Budget 2021: 'Now is not the time for tax rises', say MPs

The Treasury Committee says "now is not the time" for rises, but they may be needed in the future.

Writing ahead of the Budget, the MPs say the tax should be cut now and reformed in the long term.

The chancellor is to provide more funding for the programme, which has now given 20m first doses.

But Rishi Sunak says he wants "to be honest" with the public about the shock suffered by the economy.

Grants for 700,000 firms come as Rishi Sunak warns public finances face a challenge ahead of the Budget.

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