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.”
Wayne Rooney expresses interest in joining Manchester United’s coaching staff
Danny Jones
In another unexpected twist in the Manchester United manager saga, club and England legend Wayne Rooney has expressed interest in returning to Old Trafford and potentially joining their coaching staff.
Man United’s all-time leading goalscorer is one of half a dozen different former players to have been linked with either the top job or a backroom role following Ruben Amorim’s departure.
Speaking on his self-titled BBC podcast, the retired Premier League icon turned coach and now pundit, didn’t hesitate when asked about the prospect, simply replying: “of course I would” – dubbing the decision as “a no-brainer.”
"Of course I would!"
Wayne Rooney wouldn't think twice about joining Michael Carrick's staff at Manchester United if an offer arrived. pic.twitter.com/nGEAugQjHH
Rooney’s last coaching job was that of Plymouth Argyle manager, which ended in December 2024 following a run of poor results, much like his time at Birmingham City earlier that year.
Since then, he’s bounced around between punditry and broadcasting, serving as a guest on the likes of The Overlap with his old teammates and peers, as well as now co-hosting his own aforementioned pod, The Wayne Rooney Show.
However, the 40-year-old has always insisted that he still wants a future in coaching, and while it may not have worked as a full-time first-team boss just yet, perhaps more of an assistant position or more specific post (maybe training the forwards as Benni McCarthy did) could be a better fit for now.
‘Wazza’ admitted that, even despite having been on holiday with Carrick “last week”, no one could have expected this situation to have emerged, and certainly not this quick a turnaround.
Moreover, Rooney insisted that rather than preferring any particular person for the next interim head coach/United manager or to join the wider staff, he simply believes that they need “people who know the club” inside and out.
He isn’t the first to have accused the global sporting franchise of losing its ‘identity’ in the years since Sir Alex Ferguson retired, and many seem to believe that getting in familiar faces who were at the club during its heyday could help resolve that issue.
This was obviously pretty much the thinking when Ole Gunnar Solskjær not only became interim head coach but got the job on a permanent basis after they began looking more like the confident, attacking teams of old and like they were enjoying their football again. Though we all know how it ended.
Solskjær did look to be leading the race to return to Old Trafford for a second spell as manager initially, but it now looks as though Michael Carrick is the odds-on favourite to replace Amorim in the interim, with the suggestion that one might still assist the other.
Carrick certainly received a good amount of praise during his time at Middlesbrough, and while his time there didn’t end perfectly, either – parting ways after missing out on the playoff spots once again – there seems to be a belief that he, whether flanked by others or not, is the right choice for United at this time.
Once again, there is talk of current temporary caretaker Darren Fletcher remaining with the first team in some capacity rather than simply returning straight to the under-18s, but only time will tell who will be involved. Nevertheless, it now looks nailed on that Carrick will be in the dugout for the derby day.
Police appeal for information after ‘attempted kidnapping’ in Wigan
Emily Sergeant
A public appeal for information has been issued after the attempted kidnapping of a female in Wigan last week.
Officers from Greater Manchester Police‘s (GMP) Criminal Investigation Department are appealing for information and witnesses following the shocking incident, which occurred last Friday morning (9 January 2026) between 6:05am-6:20am.
The victim was walking along Central Park Way, in Wigan, when she was grabbed and threatened by a man who attempted to force her to come with him.
The victim managed to get free and to a place of safety, however the suspect fled the area.
The suspect is described by police as being a white male, approximately 6ft 1in tall, and was wearing grey joggers, black trainers, a yellow hi-vis vest, and a black beanie hat at the time of the incident.
#APPEAL | Officers are appealing for information following a reported attempt kidnapping on Friday 9 January between 6:05-6:20am on Central Park Way, #Wigan.
The victim was grabbed and threatened and the suspect attempted to force her with him.
Officers are supporting the victim and investigating the incident, but at this time are now appealing to the public for information.
“Whilst we understand incidents of this nature are concerning, I want to reassure our communities that we take reports of this nature very seriously and the safety of the public is our top priority,” commented Detective Sergeant Andrew Partington, of GMP’s Wigan CID, as he appealed to the public.
“Our officers are taking every measure and following multiple lines of enquiry to investigate the circumstances of this incident.
“We have extra patrols in place around the area and if you have any concerns, our officers are always more than happy to support.”
Can you help? Anyone with any information is urged to come forward.
This includes anyone who may have CCTV / dashcam footage, witnessed the incident itself, or can help police identify the man involved, and you can contact GMP on 0161 856 7094, quoting log 472 of 09/01/26.
Alternatively, you can contact Crimestoppers, anonymously, on 0800 555 111.
The Manc -
3rd March 2021 
