Economics

Sunak Has £15 Billion Buffer in U.K. Budget for Possible Tax Cut

Chancellor may be able to tap the funds after Covid clears
Reserve is multiples bigger than previous chancellors had

Rishi Sunak
Photographer: Simon Dawson/Bloomberg

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By Philip Aldrick

November 10, 2021 at 9:59 AM UTC

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Chancellor of the Exchequer Rishi Sunak has set aside a 15 billion-pound ($20 billion) fund that could be used for tax cuts before the next election if the pandemic is brought under control, analysis of U.K. budget figures shows.