To protect the jobs and livelihoods of the British people through the remaining phase of this crisis, the furlough scheme will be extended until the end of September. #Budget2021 pic.twitter.com/q48eo1ppqI
— Rishi Sunak (@RishiSunak) March 3, 2021
Support for the self-employed will continue with a 4th grant covering February to April, and a 5th grant from May.
As the tax return deadline has now passed, 600,000 more people, many of whom became self-employed last year, can now claim the 4th and 5th grants. #Budget2021 pic.twitter.com/1nJO2ZmPqn
— Rishi Sunak (@RishiSunak) March 3, 2021
We’re taking what works to get people into jobs and making it better.
Today we’re doubling the apprentice incentive payments we give businesses to £3,000 – that’s for all new hires, of any age. #Budget2021 pic.twitter.com/1ld67CRfNr
— Rishi Sunak (@RishiSunak) March 3, 2021
We’re providing new Restart Grants to help businesses reopen. #Budget2021 pic.twitter.com/IuLXsxCIXr
— Rishi Sunak (@RishiSunak) March 3, 2021
Together with @OliverDowden we’re extending the Culture Recovery Fund and supporting our arts, culture and sporting institutions as they reopen.
We're introducing a new approach to apprenticeships in the creative industries, and extending the TV restart scheme. #HereForCulture pic.twitter.com/cOYEeIlhBX
— Rishi Sunak (@RishiSunak) March 3, 2021
As the Bounce Back Loan and CBIL schemes come to an end, we’re introducing a new Recovery Loan Scheme to take their place. #Budget2021 pic.twitter.com/37TycAgJbD
— Rishi Sunak (@RishiSunak) March 3, 2021
We’ll continue with the 100% business rates holiday through to the end of June.
For the remaining nine months of the year, business rates will still be discounted by two thirds, up to a value of £2m for closed businesses.
A £6bn tax cut for business. #Budget2021 pic.twitter.com/LFGb3qwP6U
— Rishi Sunak (@RishiSunak) March 3, 2021
To protect hospitality and tourism jobs, the 5% reduced rate of VAT will be extended for six months to 30th September.
And even then, we won’t go straight back to the 20% rate. We’ll have an interim rate of 12.5% for another six months. #Budget2021 pic.twitter.com/Zn4UBxqz8t
— Rishi Sunak (@RishiSunak) March 3, 2021
The new £500,000 nil rate band for #StampDuty won't end on 31st March, it will end on the 30th June.
Then, to smooth the transition back to normal, the nil rate band will be £250,000, double its standard level, until the end of September. #Budget2021 pic.twitter.com/jq7APWRP5M
— Rishi Sunak (@RishiSunak) March 3, 2021
A new policy to stand behind homebuyers: a mortgage guarantee.
Lenders who provide mortgages to home buyers who can only afford a 5% deposit, will benefit from a government guarantee on those mortgages. #Budget2021 pic.twitter.com/kyNbzHOMdM
— Rishi Sunak (@RishiSunak) March 3, 2021
We're not going to raise the rates of income tax, national insurance, or VAT.
Instead, we are freezing personal tax thresholds. Nobody’s take home pay will be less than it is now, as a result of this.
It is a tax policy that is progressive and fair. #Budget2021 pic.twitter.com/Mszg7msHEa
— Rishi Sunak (@RishiSunak) March 3, 2021
We’ll also tackle fraud in our COVID schemes, with £100m to set up a new Taxpayer Protection Taskforce of around 1,000 investigators. #Budget2021 pic.twitter.com/Mr5qWzKhTW
— Rishi Sunak (@RishiSunak) March 3, 2021
In 2023 the rate of corporation tax, paid on company profits, will increase to 25%. Even after this change we’ll still have the lowest corporation tax rate in the G7.
We’ll also protect small businesses so only 10% of companies will pay the full higher rate #Budget2021 pic.twitter.com/izwsLRLiXZ
— Rishi Sunak (@RishiSunak) March 3, 2021
The Super Deduction makes our tax regime for business investment truly world-leading, lifting us from 30th in the OECD, to 1st.
For the next two years, we’re allowing businesses to claim 130% of their new machinery cost as a tax cut #Budget2021 pic.twitter.com/kDRntOWOSz
— Rishi Sunak (@RishiSunak) March 3, 2021
The planned increases in duties for spirits like Scotch whisky, wine, cider and beer, will all be cancelled. #Budget2021 pic.twitter.com/yYJlb8jgJs
— Rishi Sunak (@RishiSunak) March 3, 2021
The planned increase in fuel duty is also cancelled. #Budget2021 pic.twitter.com/59bbumPNhV
— Rishi Sunak (@RishiSunak) March 3, 2021
Help to Grow: Management will help thousands of SMEs get world-class management training.
Help to Grow: Digital will help them develop digital skills with free expert training and a 50% discount on new productivity-enhancing software
Register now: https://t.co/kBrDH7Izqx pic.twitter.com/HQXRMom89H
— Rishi Sunak (@RishiSunak) March 3, 2021
New visa reforms aimed at highly skilled migrants, including:
A new unsponsored points-based visa to attract the best and most promising international talent in science, research and tech.
New, improved visa processes for scale-ups and entrepreneurs #Budget2021 pic.twitter.com/ztzwTmzRpx
— Rishi Sunak (@RishiSunak) March 3, 2021
We’re launching a new Future Fund Breakthrough to help fill the scale-up funding gap. #Budget2021 pic.twitter.com/w1ZcS89hXV
— Rishi Sunak (@RishiSunak) March 3, 2021
New Freeports will encourage free trade and reinforce our position as an outward-looking, trading nation, open to the world. #Budget2021 pic.twitter.com/axVCtTB4iD
— Rishi Sunak (@RishiSunak) March 3, 2021
