The taper begins, seat belts fastened and no tantrums please!

Freshfields Bruckhaus Deringer’s London head of restructuring Richard Tett, partner Lindsay Hingston and associates Kevin Connolly and Nicholas Cooper give their take on the just-announced UK government’s budget. Though the UK economy is widely expected to be one of the worst-hit from covid, they argue that the tapering of government support measures should help soften the blow – and hopefully avoid a 2013-style “taper tantrum”.