Sunak’s Budget: good, but short-term measures must be temporary

Rishi Sunak’s Budget contained some well thought-out support policies. But, with policies introduced in times of crisis hard to back out of, we must ensure that any short-term schemes only have a limited life.

Rishi Sunak: short-term measures must remain short term © Getty

If you were a UK small business owner worried last Tuesday about how you might survive the year, you would have been a slightly less worried one after the Budget.

Some people might have found the news that coronavirus could well put some 20% of the UK’s workforce out of action all at once made them feel a little tense. Others may have found the extraordinary scale of Rishi Sunak’s spending promises did the same. He clearly expects things to get very bad indeed over the next few months.

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Merryn Somerset Webb

Merryn Somerset Webb started her career in Tokyo at public broadcaster NHK before becoming a Japanese equity broker at what was then Warburgs. She went on to work at SBC and UBS without moving from her desk in Kamiyacho (it was the age of mergers).

After five years in Japan she returned to work in the UK at Paribas. This soon became BNP Paribas. Again, no desk move was required. On leaving the City, Merryn helped The Week magazine with its City pages before becoming the launch editor of MoneyWeek in 2000 and taking on columns first in the Sunday Times and then in 2009 in the Financial Times

Twenty years on, MoneyWeek is the best-selling financial magazine in the UK. Merryn was its Editor in Chief until 2022. She is now a senior columnist at Bloomberg and host of the Merryn Talks Money podcast -  but still writes for Moneyweek monthly. 

Merryn is also is a non executive director of two investment trusts – BlackRock Throgmorton, and the Murray Income Investment Trust.