Britain will take all necessary steps to avoid a recession. We will use every tool at our disposal to ensure that the UK economy remains strong.
This Budget sets out a plan for growth and security, to ensure that our economy continues to grow, and that every hardworking family has the opportunity to get on.
We will focus on investing in businesses, skills and infrastructure, and on supporting families with the cost of living. We will also provide £1.1 billion of additional funding for the NHS.
We will use our fiscal reserves to support the UK economy and cut taxes for businesses, helping them to invest and create jobs.
We will also introduce the biggest ever package of support for small businesses, worth £2.3 billion, and a £1.6 billion package of measures to help people into work.
This Budget will ensure Britain remains resilient and prosperous, and will help to protect our economy from the risks of a global downturn.