Later this week (27 October 2021) Rishi Sunak will present his second budget during 2021.
It is likely that reduced public expenditure and higher taxation will be features of this budget as the Treasury seeks to limit any further rise in government borrowings. The Chancellor will also have in mind increases in inflation and the growing possibility that interest rates may need to increase next year.
More recently, global trading has been hit by a series of additional issues (Brexit for example) that have conspired to delay supply chains. Witness the recent petrol shortages and gaps on supermarket shelves.
Further, it seems clear that sectors of our economy that have benefitted from the free movement of labour from...