What the recovery Budget means for your money

With his Budget, Rishi Sunak is hoping to protect the economic recovery and set out how to pay for all the stimulus. John Stepek looks at how he plans to do that, and explains what it means for you.

Rishi Sunak and his Budget box
Rishi Sunak: took the chance to show off a bit
(Image credit: © Karwai Tang/Getty Images)

There was a lot of stuff in the Budget yesterday. With Rishi Sunak in charge, we’re back to the days when the chancellorship was an opportunity to audition for the big job – prime minister – in front of the country. So he’s not going to duck the chance to show off a bit.

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John Stepek

John Stepek is a senior reporter at Bloomberg News and a former editor of MoneyWeek magazine. He graduated from Strathclyde University with a degree in psychology in 1996 and has always been fascinated by the gap between the way the market works in theory and the way it works in practice, and by how our deep-rooted instincts work against our best interests as investors.

He started out in journalism by writing articles about the specific business challenges facing family firms. In 2003, he took a job on the finance desk of Teletext, where he spent two years covering the markets and breaking financial news.

His work has been published in Families in Business, Shares magazine, Spear's Magazine, The Sunday Times, and The Spectator among others. He has also appeared as an expert commentator on BBC Radio 4's Today programme, BBC Radio Scotland, Newsnight, Daily Politics and Bloomberg. His first book, on contrarian investing, The Sceptical Investor, was released in March 2019. You can follow John on Twitter at @john_stepek.