[The stream is slated to start at 07:30 ET. Please refresh the page if you do not see a player above at that time.]

Stream San Diego News for free, 24/7, wherever you are with NBC 7.

  WATCH HERE

British Finance Minister Rishi Sunak is announcing the government's public spending plans for the year.

Prime Minister Boris Johnson's government embarked upon unprecedented fiscal stimulus last year as the economy was hammered by the coronavirus pandemic, suffering its sharpest contraction in more than 300 years.

Get top local San Diego stories delivered to you every morning with our News Headlines newsletter.

  SIGN UP

The U.K.'s 2021 budget comes as nationwide Covid-19 restrictions are set to be gradually unwound over the coming months. Analysts are expecting possible tax hikes and a nod to future tightening to make an appearance in the latest budget announcement Wednesday.

Subscribe to CNBC on YouTube. 

Also on CNBC

• We are still positioning for the reflation trade: Fidelity International
• Russia slams 'hostile' new U.S. sanctions and vows to retaliate
• European markets climb; UK investors await budget plans; Autos up 3%

Subscribe to the CNBC YouTube Channel

Morning Squawk Newsletter