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.”
Manchester has been ranked one of the ‘most influential cities’ in Europe
Danny Jones
As per a development that we’d consider so obvious it’s barely worth writing about (even though we are), Manchester has been ranked one of the most influential cities in Europe.
In other news, water is still very much wet.
While there’s plenty of it here in Greater Manchester, given our standard rainy forecasts, when it comes to anything besides the weather, we deliver in spades.
Let’s be honest: we know it, you do too, and apparently so do plenty of other folks – and there’s some concrete statistics to back it up.
Case in point – First Chanel, now Vogue… (Credit: The Manc Group)
You’ll find all manner of surveys, polls and studies diving into how Manchester ranks across various categories, but knowing we boast nods such as ‘the original industrial city’, the place that helped split the atom and the place that the first modern computer was born, we know all about our global impact.
With that in mind, when we saw that Sixt had recently named us as one of the most influential cities in all of Europe, we couldn’t ignore the well-deserved pat on the back.
That’s right, although you might not associate the car rental company with this sort of stuff, as part of their new exclusive ‘Sixt Ride’ offering (think a posh taxi service), they looked into which cities have the most luxuries, tourist attractions and other cultural bonuses to their name.
Per their recent research, Manchester city centre didn’t just break into the top 100 but found itself among the 30 most influential cities in Europe.
You can see the full rankings table down below.
#
City
Country
*Fortune 500 Companies
Fashion weeks
Film Festivals
International Airports
5-Star Hotels
High End/Luxury Shopping areas
Michelin Restaurants
1
Paris
France
10
6
77
2
122
11
134
2
London
United Kingdom
12
3
241
3
182
5
81
3
Milan
Italy
1
4
52
3
29
5
22
4
Rome
Italy
2
0
97
2
65
4
21
5
Stockholm
Sweden
0
3
14
2
12
2
13
6
Madrid
Spain
5
0
38
1
42
2
29
7
Zurich
Switzerland
6
0
10
1
12
4
18
8
Munich
Germany
5
0
10
1
16
4
17
9
Berlin
Germany
1
1
76
1
40
2
21
10
Hamburg
Germany
1
0
16
2
17
3
16
11
Amsterdam
Netherlands
4
0
24
1
29
1
30
12
Copenhagen
Denmark
1
2
12
1
12
2
20
13
Barcelona
Spain
0
0
45
1
47
1
31
14
Lisbon
Portugal
1
0
38
1
49
1
20
15
Athens
Greece
0
0
41
1
52
2
12
16
Vienna
Austria
1
0
24
1
24
3
14
17
Bucharest
Romania
0
0
22
2
12
2
0
18
Warsaw
Poland
0
0
22
2
17
1
3
19
Glasgow
United Kingdom
0
0
17
2
4
2
2
20
Lyon
France
0
0
9
2
7
0
16
21
Prague
Czechia
0
0
16
1
60
1
2
22
Brussels
Belgium
0
0
18
1
14
1
29
23
Oslo
Norway
0
1
8
1
6
1
11
24
Manchester
United Kingdom
0
0
20
1
7
3
2
25
Budapest
Hungary
0
0
16
1
24
1
7
26
Dublin
Ireland
2
0
16
1
11
0
6
27
Naples
Italy
0
0
34
1
5
0
22
28
Porto
Portugal
0
0
8
1
28
0
10
29
Turin
Italy
1
0
21
1
4
0
10
30
Sofia
Bulgaria
0
0
22
1
14
1
0
31
Helsinki
Finland
0
0
5
1
10
1
5
32
Belgrade
Serbia
0
0
32
1
9
0
1
33
Marseille
France
0
0
5
1
4
0
12
34
Birmingham
United Kingdom
0
0
12
1
4
0
6
35
Minsk
Belarus
0
0
11
1
0
0
0
Read it and weep; we Mancs landed 24th on the leaderboard, just behind Norway’s capital, Oslo, and ever so slightly ahead of Budapest in Hungary.
As you can see, to identify the ‘most influential European cities’, they broke down how the 35 most populous cities on the continent and here UK (barring Russia and Ukraine) and what noteworthy cultural touchstones they possess.
For instance, did you hear that our very own Warehouse Project recently found itself breaking into the top half of the best nightclubs on the entire planet?
Going on to analyse everything from the number of Fortune 500 companies headquartered in the city, their connections to film, fashion, fine-dining and more, they found that Paris, London and Milan were the most influential (no surprises there), but we’re glad to be keeping such good company.
After all, in the last couple of years alone, Manchester city centre has welcomed the Metiers D’art fashion show, opened one of the biggest indoor entertainment venues in all of Europe, and still takes eternal credit for giving the world Oasis and, therefore, the Live ’25 reunion. Again, you’re welcome.
What do you make of Sixt’s study, and do you agree with their findings on the whole?
It goes without saying that we’d probably put ourselves higher on the list if anything, but then again, maybe we’re getting too used to being told how brilliant it is to live in this region.
Featured Images — Anthony Parkes (via Geograph)/The Manc Group
News
Police ‘delighted’ after Manchester man is jailed for running county lines drug operation
Emily Sergeant
A Manchester man has been jailed for his part in running a county lines drug operation that exploited vulnerable people.
Following an investigation by Greater Manchester Police‘s (GMP) County Lines Team, John Joyce, of Stuart Street in Manchester, was identified as operating a county lines drugs network that supplied Class A drugs across Greater Manchester, and was subsequently jailed for possession with intent to supply crack cocaine and heroin.
The investigation – which uncovered extensive evidence of drug supply – found that Joyce was the controller of the “CEE” line – a mobile number used to distribute crack cocaine and heroin.
Among that ‘extensive’ evidence was more than 31,000 text messages and 8,700 calls linked to drug dealing activity, and ‘flare’ messages advertising drugs for sale sent in bulk, as well as forensic analysis linking Joyce to two personal mobile numbers and vehicles used during the operation.
CCTV footage was also uncovered showing Joyce purchasing top-up vouchers for the drugs line.
#JAILED | Man sentenced to over 5 years in prison for running county lines drug operation
Our County Lines Team investigation uncovered extensive evidence of drug supply & found he was the controller of the “CEE” line, a mobile number used to distribute crack cocaine & heroin pic.twitter.com/WAdej9lLxU
And the final nail in the coffin was that a search of the 28-year-old’s Manchester apartment uncovered more than 460g of crack cocaine, heroin, drug paraphernalia, and cash.
Joyce fled the UK and headed to Dubai in an attempt to evade justice, but was arrested upon his return at Manchester Airport in October 2025.
“This case demonstrates our commitment to dismantling county lines networks that exploit vulnerable people and blight communities,” explained Detective Constable Josh Claxton, of GMP’s County Lines Team.
“Joyce’s operation was significant and his sentence reflects the harm caused by class A drug supply in Greater Manchester.