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Budget 2021

Acting Senior Partner for KPMG UK, Mary O'Connor comments on today’s Budget

Acting Senior Partner for KPMG UK, Mary O'Connor comments on today’s Budget

Commenting on today’s Budget, Mary O'Connor, Acting Senior Partner for KPMG UK, said:

"Against the backdrop of an economy ravaged by the COVID-19 pandemic, today the Government took steps to reassure UK businesses as they build towards recovery. While the UK economy is expected to bounce back strongly, the level of public borrowing remains extremely high and businesses still need ongoing financial support in the immediate term. The Chancellor therefore trod a fine line between facing into the state of the public purse while promising immediate fiscal fixes.

“Today’s Budget was all about economic measures for the current crisis, but it lacked a long-term plan to drive the UK’s future productivity through investment in technology and skills.”

                                                                    -Ends-

 

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For further information please contact:

KPMG Media Relations

Tel:  +44 (0) 207 694 8773

Tanya Holden

Tanya.holden@kpmg.co.uk

 

About KPMG

KPMG LLP, a UK limited liability partnership, operates from 21 offices across the UK with approximately 16,000 partners and staff.  The UK firm recorded a revenue of £2.3 billion in the year ended 30 September 2020.

KPMG is a global organization of independent professional services firms providing Audit, Legal, Tax and Advisory services. It operates in 147 countries and territories and has more than 219,000 people working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.