The chancellor will promise to utilise his “fiscal firepower” to protect the jobs and livelihoods of Britons when he delivers his budget on Wednesday. Rishi Sunak will tell the Commons that he will do “whatever it takes” to help business and people through the “moment of crisis” caused by the COVID-19 pandemic. In a lunchtime statement to MPs, the chancellor is expected to lay out a three-point economic plan focused on helping people through the pandemic, fixing the public finances and building the future economy. Listen to “Rishi Sunak – fiscal hawk or dashing duck Chancellor?”. Subscribe to the Daily podcast on Apple Podcasts , Google Podcasts , Spotify , Spreaker Possible announcements in Budget 2021 include: Advertisement An extension to the furlough scheme An increase in corporation tax A freeze in income tax thresholds – a tactic which would not technically be a tax-raising measure but would still mean employees paying more as their salaries rise A six-month extension in the £20-a-week temporary increase in Universal Credit An extension of the stamp duty holiday, which is currently due to end this month The perma-budget chancellor will not be going after your money (just) yet “We’re using the full measure… Read full this story
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