HIGHLIGHTS-UK's Sunak delivers budget speech and spending review

Finance minister Rishi Sunak was expected to announce multi-billion-pound public investments alongside tight controls on day-to-day outlays in a budget speech and three-year spending plan on Wednesday. The public finances are stabilising. For too long, far too long, the location of your birth has determined too much of your future.

Finance minister Rishi Sunak was expected to announce multi-billion-pound public investments alongside tight controls on day-to-day outlays in a budget speech and three-year spending plan on Wednesday. Below are highlights of Sunak's speech in parliament:

Employment is up. Investment is growing. Public services are improving. The public finances are stabilizing. And wages are rising. Today’s Budget delivers a stronger economy for the British people: Stronger growth, with the UK recovering faster than our major competitors. For too long, far too long, the location of your birth has determined too much of your future. Because the awesome power of opportunity shouldn’t be available only to a wealthy few ... but be the birthright of every child in an independent and prosperous United Kingdom.

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