Here are the key points from Chancellor Rishi Sunak's budget speech: • Economy expected to return to pre-COVID levels by the middle of next year, six months earlier than previously thought • GDP growth forecast for this year downgraded to 4% (from 5.5%) according to Office for Budget Responsibility • Unemployment expected to peak at 6.5% • Forecasts show government borrowing reaching £355bn in 2020/21, of 17% of the national income - the highest level since the Second World War. For 2021/22 it climbs to £234bn, 10.3% of GDP. • Debt is set to peak at 97.1% of GDP in 2023-24. • An additional £65bn in spending in response to coronavirus takes total fiscal support to £407bn • £1.6bn will go towards continuing the vaccine roll-out and improving future preparedness • Chancellor confirms furlough scheme will be extended until the end of September, with the government paying 80% of salary though employers will asked to put in 10% from July and 20% from August • Help for … [Read more...] about Budget 2021 key points: What was announced in Chancellor Rishi Sunak’s speech?
Imagining what we’d do if we won the lottery is a guaranteed cheerer upper. Especially now, when the lottery jackpots seem bigger than ever. My mum played the same numbers every week and I still remember them. If she won a tenner she was as delighted as if she’d won a million. But I agreed when Mum said the jackpots were too big and the lottery should be more widely shared to make more families happy. If one person won last night’s £180million Euro lottery, surely that’s too much for any one person? I stopped playing the lottery after I lost Mum. But I still sometimes imagine what I’d do if I won. I’d look after any friends and family who were a bit short then donate to charities. And I’d build a special Alzheimer’s home and personally interview all the staff to make sure they had genuine kindness. I have no interest in swapping my house for a big mansion because my memories of my late husband Colin are here. Posh designer clothes don’t give me a thrill because I’d only get … [Read more...] about Robbie Savage’s mum says ‘£180m lottery win is too much for just one person’