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Gloucestershire Business News

Punchline Budget special in association with Hazlewoods

Chancellor Rishi Sunak will deliver one of the most eagerly awaited budgets tomorrow - and Punchline will bring you full analysis in a special afternoon newsletter.

Punchline has teamed up with business advisers and accountants Hazlewoods to bring you expert, in-depth reaction to the Chancellor's plans for the economic road map to recovery.

Gloucester MP Richard Graham will also offers his views in a special 4pm newsletter - plus the normal local business news you expect from Punchline-Gloucester.com each day.

Hazlewoods Budget Predictions 

The Chancellor will deliver his Budget speech from around 12.30pm tomorrow.

Dominated by coronavirus support packages, measures expected to be announced are:

  • An already announced £5billion restart grant scheme for shops and hospitality firms
  • £520million Help to Grow scheme to boost software and training - another package which has already been announced
  • £126million for traineeships and "flexi-job" apprenticeships in England
  • £150million to help communities take over pubs in danger of closing
  • £408million for museums, theatres and galleries in England to reopen
  • Extensions for the furlough scheme, hospitality sector VAT cut, Business Rates holiday, Stamp Duty holiday and £20 uplift in Universal Credit
  • An increase in Corporation Tax
  • Government mortgage guarantee scheme offering 95 per cent mortgages for houses up to £600,000
  • Rise in contactless payment limit to £100

The Chancellor will lead a Downing Street press conference at 5pm tomorrow.

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