Punchline Budget special in association with Hazlewoods
By Rob Freeman | 2nd March 2021
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.
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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