Sir John said: “I am very pleased that the Chancellor has given more support while we still have the pandemic restrictions.
“It is very clear from the numbers that once we get the restrictions of that the economy is still very badly damaged.
“So the sooner we can get these restrictions off the better.”
Mr Redwood also welcome Mr Sunak’s announcement that the total amount of money borrowed this year – £355billion – was almost £40billion below the projected £399billion.
David Jones, Clwyd West MP and the deputy chairman of the European Research Group (ERG), told Express.co.uk: “The super-deduction is exactly the sort of fiscal intervention the country needs as it rebuilds after lockdown.
“It will encourage investment in new plant and machinery. It will stimulate manufacturing and help modernise the economy.”
Away from Westminster, Ben Harris-Quinney, the chairman of the Bow Group think tank, had reservations about the decision to increase corporation tax.
He told Express.co.uk: “We call for the chancellor to prioritise ensuring globalist corporations pay same lavel of tax as small businesses.
“Online sales taxes are being considered but an online green tax makes little sense when the cost of transport fuel is already taxed at nearly 60 percent through fuel duties.