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Revealed: Key points of Rishi Sunak’s Budget 2021

by LLB Editor
3rd Mar 21 1:10 pm

Chancellor Rishi Sunak has delivered the UK Budget today. Here are the key measures he’s announced so far:

  • Business support will continue throughout the lockdown in England. The Job Retention Scheme – or furlough – will be extended until the end of September, and cuts to VAT for hospitality businesses are also expected to continue
  • High Streets shops and hospitality firms will be able to get a grant from a £5bn fund to help them reopen after lockdown. Grants will be worth up to £18,000 per firm, but some business groups say it isn’t enough.
  • Arts and culture – An extra £300m will be added to the government’s £1.57bn Culture Recovery Fund. Museums and cultural bodies in England will also receive £90m to keep going until they can open their doors. There will also be £18.8m for community cultural projects, and £77m allocated for similar initiatives in the devolved nations.
  • Sports including cricket, tennis and horse racing will benefit from a £300m recovery package, and there will be £25m new funding to support grassroots football – enough to build around 700 new pitches across the UK.
  • As Covid-19 vaccinations keep rolling out,an extra £1.65bn will be allocated to help the government reach its target of offering a first dose to every adult by 31 July. And some of the money will be used for a trial to see if different vaccine doses can be mixed.

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