Evaluate the likely economic effects of this planned spend now, tax later

In the 2021 budget, the UK Chancellor of the Exchequer announced that the government planned to spend £93 billion on virus related support for the NHS, companies, and households. In addition, companies will receive a cut in corporation tax worth £25 billion as an encouragement to bring forward investments in the next two years. According to the OBR, government borrowing is set to reach 97 percent of GDP. To address the hole in the budget, the Chancellor plans to raise taxes by £32 billion and cut public spending by £4 billion by 2023. Evaluate the likely economic effects of this planned spend now, tax later. In your conclusion, you need to answer the question: Will the government be able to boost economic recovery, and balance the budget?

You must use the following three sources:
• Your textbook
• At least two sources from the list below:

For Scenario A:
A budget overview from the Guardian
https://www.theguardian.com/uk-news/2021/mar/03/budget-2021-key-points-rishi-sunak

A reflection from the Serco Institute, a private sector ‘think tank’ that looks at the impact that the private sector can have on public policy. Remember that they were given a very significant contract by the government and take that into account!
https://www.sercoinstitute.com/news/2021/uk-budget-2021-a-balancing-act-of-saving-lives-saving-services-saving-the-economy

A personal view from a chartered accountant which concentrates on the effect of tax rises.
https://bdaily.co.uk/articles/2021/03/04/jane-parry-managing-partner-at-pmm-discusses-the-budget-and-what-it-means-for-businesses-and-the-uk-economy

A communist’s view of the budget!
https://morningstaronline.co.uk/article/weve-seen-governments-post-covid-strategy-its-not-good-working-class