Budget 2021: What to watch for

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Tax rises expected as chancellor tries to claw back covid costs | Plus: Follow Building Design’s rolling live blog from 11.30am

Rishi Sunak will deliver his second full Budget to parliament this afternoon amid mounting pressure to claw back some of the vast funds spent on fighting the covid crisis over the past year.

Just under a year after introducing the furlough scheme, the chancellor is facing the challenge of how to balance the books after the government shelled out a record £270bn on mitigating the impact of the pandemic over the past 12 months.

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