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.”
A local Manchester run club is holding two special running routes to see the total eclipse
Danny Jones
With the highly anticipated total eclipse fast approaching, people not just here in Greater Manchester but all over the UK, Europe and the rest of the world are gearing up to try and watch it – but this native running club are doing it a bit differently.
Eclipses occur once every 12-18 months, but this is set to be the biggest since 1999.
The moon is set to cover approximately 96-98% of the sun this coming Wednesday, 12 August, 2026, and rather than try to watch it from a window at home or drive to somewhere with supposedly ‘the best view’, local sports club Manchester Road Runners are turning it into their latest one-off event.
Sharing details online, the free-to-join local organisation, which boasts thousands of members on Facebook and various other platforms, will be timing things to make sure they catch the phenomenon.
Writing in the accompanying caption, the Road Runners say: “We’ve pulled some strings and have a very special event taking place on August 12th, a solar eclipse! Come run with us under a darkened sun next Wednesday from The Wharf at 18:30, with peak moon coverage expected at around 19:10.”
Better still, they’re also teaming up with their trail running spin-off club for an even more scenic twist on the evening excursion.
“If you prefer to experience your solar phenomena under the wide open skies”, they go on to write, “our friends over at Trail Division will be holding a hike/run off road, meet at Piccadilly Station at 18:00 to get shady in the great outdoors.”
Fortunately, they have issued an important disclaimer, going on to remind runners that “while beautiful and majestic, the sun should NEVER be directly looked at in the face unprotected”, signing off by adding, “Respect the sun, respect your peepers, stay ocularly safe out there.”
If you’ve never come across MRR before, they’re probably the biggest run club in the entire Greater Manchester region and their social-first jogs, intervals, track sessions and more revolve around meeting back up with your mates for a wholesome pint and a chat.
For many, it’s the biggest and the best in the city.
As for the eclipse run, it’s set to be a very magical variation on their usual Wednesday evening meets.
Quite rightly, they also point out in the post that you can actually buy certain glasses to view eclipses on these rare occasions, with search traffic often ramping up in and around these events.
Meanwhile, the Trail Division branch is yet to confirm the route for their run/hike, but it will most likely remain in the nearby North West vicinity; keep your eyes peeled on their social media pages (linked above) for more information and other upcoming trail events.
Speaking of trail runs, there’s a pretty beautiful albeit challenging one coming up next month…
Stunning vistas, walkers welcome, and multiple distances available.🏃♂️🥾
And the best part? It's less than 90 minutes away from Manchester. 🏞️
Oasis promoters drop biggest Knebworth hint yet after securing license around key date
Danny Jones
Not that we’re the type to get carried away, but we’ll confess that our curiosity, interest and general levels of anticipation have been piqued, as Oasis’ main promoters have recently renewed the license to host events at the infamous Knebworth.
My word, is this it? Like the reunion, is it ACTUALLY going to happen?…
We’re sure the raw, uncontrollable excitement will come should it be fully confirmed, but for now, all we know is that our colleagues in music media, SJM Concerts, have renewed the land in and around Knebworth Park and House for live entertainment once again.
Moreover, the company have also done so on a rather fitting date decades on from the original and legendary outdoor gigs.
As can be found on the planning application section of the North Hertfordshire Council website – the county in which the storied Britpop gigs took place – a fresh license to hold new events.
If/when the announcement happens, the already granted permission will allow for a capacity of up to 125,000 and a curfew of 3am.
We know the original Knebworth shows were beyond iconic, but let’s say this would be nailed on to be nothing short of absolutely box office.
Besides having also helped promote Oasis’ colossal Live ’25 reunion tour last summer, it’s also worth noting that they secured said license just over a week before the 30th anniversary of the pair of nights back in 1996: 10-11 August, to be specific.
The licence is said to have come into effect this past Saturday (1 Aug) and is believed to be indefinite.
What added even more fuel to the fire of these well-established rumours over the past year was when Baroness Sharon Taylor of Stevenage told the House of Lords the band would be playing FIVE whole nights at Knebworth in the future, before later clarifying that she was speaking in “hypothetical terms.”
All that being said, it’s fair to say we’ll be keeping a very keen eye on socials over the next few days, in particular, just in case.
The Manc has reached out to SJM for an official comment (surprise, surprise), but we are yet to receive a response regarding the matter.
Your silence speaks volumes, just saying.
This coming Monday, 10 August 2026, will mark the official 30th anniversary of Oasis at Knebworth 1996, and with the likes of ‘Wonderwall’ seeing a chart resurgence as the go-to England anthem at this year’s World Cup, we’re choosing to be optimistic. What about you?
The Manc -
3rd March 2021 
