The 2021 Budget will feature everything from booze, fuel and cigarettes to wages, housing and Britain’s Covid response. Rishi Sunak is set to focus on four themes – “support, vision, recovery, honesty” – when he addresses the nation in his annual statement next Wednesday. The Tory Chancellor is tipped to extend furlough, the Stamp Duty cut and other Covid support by three months, and the £20-a-week Universal Credit uplift by six months. He will unveil grim financial projections on Britain’s economy and begin to sketch a vision for how it’ll be made better post-vaccine – with grants of up to £18,000 for lockdown-battered firms to reopen. He could announce a string of other measures to help the economy recover – though some of these, like schemes to push people back into shops and restaurants, may not come until later. And aides promise he’ll be “honest” about the need to claw back £280bn of Covid spending – as corporation tax could be hiked and income tax allowances frozen. But he may well put off most painful tax rises until later too – with fuel and beer duty tipped to be frozen and any ‘Amazon tax’ put off until the Autumn. The… Read full this story
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When is the 2021 Budget - and what will be in it? Stamp duty, furlough and more have 299 words, post on www.mirror.co.uk at March 1, 2021. This is cached page on Bach Thien. If you want remove this page, please contact us.