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Budget News 2021

3rd March 2021

Chancellor Rishi Sunak has unveiled the contents of his Budget in the House of Commons.  Here is a summary of the main points:

  • Furlough to be extended until the end of September

  • Government to continue paying 80% of employees' wages for hours they cannot work

  • Employers to be asked to contribute 10% in July and 20% in August and September

  • Support for the self-employed also to be extended until September

  • 600,000 more self-employed people will be eligible for help as access to grants is widened

  • £20 weekly uplift in Universal Credit worth £1,000 a year to be extended for another six months

  • Working Tax Credit claimants will get £500 one-off payment

  • Minimum wage to increase to £8.91 an hour from April