Rishi Sunak announced his Budget to the House of Commons this afternoon – revealing the government’s financial blueprint for recovery after one of the most tumultuous economic years on record.
Whilst the image of the Chancellor holding aloft the iconic red briefcase always attracts interest, the build-up to ‘Budget 2021’ had been accompanied by considerable buzz.
Many businesses have only been permitted to trade for a few months since COVID-19 first forced Britain into lockdown last March, whereas some sectors have remained closed entirely.
With an ‘irreversible’ roadmap to reopen the economy now published, millions have been speculating as to whether financial support will remain available – and how the country will get back on its feet.
Here’s a breakdown of everything Sunak had to say in his address to MPs on March 3.
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What was in the 2021 Budget?
Sunak’s debut Budget in March 2020 was an anomaly; including a series of policies designed to manage the economic impact of a deadly virus which was, back then, only in its infancy.
But the pandemic quickly spiralled out of control in the aftermath of that address, and the Chancellor has been forced to make regular interventions ever since to keep the economy afloat.
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On Wednesday, Sunak announced how the country planned to recover from its £355 billion debt incurred during the past 365 days, as well the financial support that will be accessible.
Sunak unveiled a three-part plan to “protect the jobs and livelihoods of the British people”, predicting a “swifter and more sustained recovery” to pre-COVID levels by the middle of 2022.
The furlough scheme will be extended
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. #Budget2021pic.twitter.com/q48eo1ppqI
The Coronavirus Job Retention Scheme has resulted in millions of employees being furloughed since March – with the government covering 80% of wages for hours staff cannot work.
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Around 11 million jobs have been protected as a result.
The Chancellor confirmed on Wednesday that this furlough scheme is set to be extended until September 2021.
However, as the economy reopens again, employers will be expected to make contributions.
From July, companies will need to pay 10% towards furlough payments. This will increase to 20% in August and September.
The National Living Wage will be increased to £8.91 from April.
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Self-employed support will continue
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. #Budget2021pic.twitter.com/1nJO2ZmPqn
The Chancellor also confirmed further support for the self-employed in the weeks ahead.
This includes a fourth grant covering February to April, and a fifth grant from May.
Sunak added: “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.”
Grants are being made available for retail, hospitality and personal care companies
‘Restart Grants’ worth £5 billion are being introduced to support businesses before reopening.
This includes grants of up £18,000 for pubs, hairdressers and gyms.
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Non-essential retail premises will be able to claim up to £6,000.
The 5% reduced rate of VAT will also be extended for six months to September 30 – with an interim rate of 12.5% for six months.
Business rates relief will continue until the end of June.
Apprentice incentive payments are being increased
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. #Budget2021pic.twitter.com/1ld67CRfNr
To help get young people into jobs, the Chancellor has also announced that apprentice incentive payments for businesses will be increased.
“Today we’re doubling the apprentice incentive payments we give businesses to £3,000 – that’s for all new hires, of any age,” he stated.
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The Stamp Duty cut is being extended
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. #Budget2021pic.twitter.com/jq7APWRP5M
Sunak also confirmed that the Stamp Duty cut will be extended by three months.
The Chancellor stated: “The new £500,000 nil rate band for Stamp Duty won’t end on March 31, it will end on the June 30.
“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.”
Planned duty increases for alcohol and fuel are being cancelled
Planned increases in duties for spirits have been cancelled / Image: Adam Wilson via Unsplash
Elsewhere in the Budget, the Chancellor announced that planned increases in duties for spirits like Scotch whisky, wine, cider and beer will all be cancelled.
The planned increase in fuel duty is also being cancelled.
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Paying back the debt…
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.
In an attempt to pay back the money borrowed to fund the government’s COVID economic recovery packages – which has led to the highest rate of UK borrowing since World War II – Sunak said that he would be freezing personal tax thresholds.
Corporation tax will increase to 25% from April 2023.
The Chancellor pledged not to raise the rates of income tax, national insurance, or VAT.
“Nobody’s take home pay will be less than it is now, as a result of this,” Sunak stated.
“It is a tax policy that is progressive and fair.”
London attraction The Curling Club is now expanding into Manchester
Thomas Melia
Well-reviewed winter attraction The Curling Club, which has already made a name for itself in London, is now making its way to Manchester.
Set to open in Manchester’s world-class skyscraper district, New Jackson, The Curling Club is keeping its stay short and sweet, with a three-month residency here in the city centre.
Curling Club will signal in the mid-winter season as it runs from late November right through until the end of February, giving you a lengthy period of time to sweep ’til your heart’s content.
This sports-themed pop-up opened in the capital last year, offering guests a wintery escape packed with food and drink choices, accommodating up to 600 people at a time, right next to The Shard.
The Curling Club is set to open in Manchester this November until February.Imagine a pint or two in this curling haven in Manchester this year.Credit: Justin De Souza
Now, Manchester’s latest activity bar destination is bringing its charm and competitiveness to Manchester for the first time ever, hoping to emulate the success of its capital predecessor while encouraging people to pick up the sport.
Just like the original London location, their Manc site will feature the iconic custom-built lanes and sustainably-made granite stones, which are set to improve your precision and control – fancy that.
We’re sure will still somehow manage to be the worst players in the room at any given time.
If that wasn’t enough curling expertise for you, there will also be on-site coaches helping guests perfect their technique and providing some top-notch advice.
There will even be an exclusive appearance from Olympic gold medallist Eve Muirhead and Team GB’s ‘Chef de Mission’, Mark England, who will be hosting select events across the two cities.
Manchester can expect a similar curling set-up this year.The glitter-ball dancers ready and waiting for this wintertime.Credit: Justin De Souza
New Jackson will be the ultimate backdrop for this innovative winter experience as the venue will be curating seasonal cocktails as well as being home to live DJS, glitter-ball dancers and some seriously good food.
You had us at booze and scran.
Keep this seasonal site in mind as they’re already marking themselves as a destination for work parties, events, group outings and Christmas party celebrations.
Trevor Bowers, Chairman of The Curling Club, said of the impending opening: “With this expansion and other plans, we’re accelerating our national rollout – all while staying focused on delivering exceptional, high-quality experiences for both guests and corporate clients during the winter season.”
Nine arrested in multiple coordinated raids after ‘celebrating Hitler’s birthday’ in Oldham pub
Danny Jones
Nine arrests were made earlier this week after a group of suspected neo-Nazis were discovered celebrating Adolf Hitler’s birthday at a pub in Oldham last month.
Alarming stuff, to say the least.
The individuals in question were arrested following a series of coordinated morning raids across multiple areas of Greater Manchester, including Rochdale, Bolton, Trafford and Stockport.
Another man was taken into custody from an address in Southport, with those involved belonging to the North West arm of a far-right group known simply as ‘British Movement’.
Craft Union Pubs, who operate the establishment, said they were “absolutely appalled”. (Credit: Google Maps)
The pub in question was the Duke of Edinburgh in Royton, a town of around 21,000 people located in north Oldham; the owners, who were said to have been ‘tricked’ into allowing the celebrations, were shocked to learn the group were observing Hitler’s birthday.
Upon realising the true nature of the festivities after images were shared on social media, staff immediately reported the party to the local authorities and Greater Manchester Police (GMP) officers based in and around the borough were then made aware of the situation.
As seen online – including on British Movement Northern’s (BMN) own website – the pub were seen holding Nazi flags, SS bolts and the Iron Cross, even posting pictures eating a cake with swastika icing alongside captions which included the line, “the 136th birthday of Uncle A.”
Taking place on Wednesday morning, 7 May, several morning raids saw those present detained on suspicion of Section 18 Public Order Act offences, which relate to displaying written material which is threatening, abusive or insulting, intended to stir up racial hatred.
During the extensive operation, everything from imitation firearms to real weapons like swords and a crossbow, along with numerous other pieces of Nazi memorabilia were found. Police are still investigating the incident and searching the relevant premises in Oldham and beyond.
Beyond shocking. (Credit: BMN)
GMP have been quick to contact Counter Terrorism Policing North West (CTPNW) to advise on the materials and assess further risk; for instance, following the recovery of a suspected grenade at a property in Bolton, Explosive Ordnance Disposal (EOD) was deployed and the item declared safe.
Assistant Chief Constable Steph Parker said in an official statement: “Due to the nature of the materials we recovered at the warrants today, we have liaised with colleagues at CTPNW. This is a matter of course, and it very much remains a GMP-led investigation.
“It’s important that all avenues are explored to establish the extent of the criminal offences which have been committed, and whilst our investigation is still in its early stages, we do not believe there to be a risk to the wider public.
“This group clearly has a deep fascination with ideas that we know are unsettling for communities across Greater Manchester. We must take action when concerns are raised, and where weapons are suspected, to ensure people are free to live without fear of intimidation or harm.”
Naturally, GMP are encouraging people to stay vigilant and come forward with any further information or concerns they may have.
The Manc -
3rd March 2021 
