Britain’s Covid response is one of the major subjects set to feature in today’s 2021 Budget. Rishi Sunak is set to use his House of Commons speech to focus on four themes – “support, vision, recovery, honesty”. The Tory Chancellor is tipped to extend the stamp duty holiday, furlough scheme and other Covid support by three months, with the Universal Credit £20-a-week uplift expected to continue for another six months. The Tory Chancellor could also announce a string of other measures to help the economy recover from the pandemic which has inflicted huge debt on the UK. However he is also set to be “honest” about needing to recover £280billion of Covid spending, amid reports of a hike in corporation tax and income tax allowances frozen. What time is the Budget? Mr Sunak will stand up to deliver the Budget straight after Prime Minister’s Questions at around 12.30pm. After he has unveiled his plans for the year ahead, Labour will respond before several days of debating by MPs gets underway. The Chancellor will also front a Downing Street press conference at 5pm where he will talk more about the plans in this year’s Budget. On Thursday he will also appear… Read full this story
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