BRITAIN is set for the biggest Budget splurge in (years as Rishi Sunak today revealed a massive spending spree.)
The new Chancellor announced a range of measures to help rebuild Britain’s crumbling infrastructure, fight off the coronavirus , and keep more money in the pockets of workers .
Mr Sunak also set out a package of vote winning changes – including a freeze on ALL booze duties, a National Insurance tax cut , more help for veterans and a £ m boost to flood defences .
The main announcement was a £ billion coronavirus rescue plan, including a shake-up of sick pay and huge tax cuts to help business. Brits will be able to get sick pay if they have to stay at home, and can also get a doctors’ note through NHS instead of a GP.
The ground-breaking Budget includes plans to scrap business rates for businesses for a year, a fresh loan scheme to help small firms, and new help for people to claim benefits help from day one.
In a victory for The Sun’s Keep it Down campaign, fuel duty is frozen for a tenth year in a row. The National Living Wage will rise to £
(8) Key changes revealed in the Budget 4372 (Coronavirus THE Chancellor announced a massive £ billion warchest to help combat the covid- pandemic. He promised £ 5billion to help the NHS deal with the virus on the ground, with cash being used to help research for a vaccine, recruiting thousands of returning staff, and supporting our brilliant doctors and nurses. Rishi Sunak hinted that he could splash more cash if needed. He also announced £ 7billion for businesses and individuals hit by the outbreak. It includes cash to pay for statutory sick pay from day one, and also funding the bill for small firms with less than Staff who have to pay sick pay. It is thought that will cost £ 2billion and will help support two million businesses. They have also introduced a £ 1billion government-backed loan scheme for companies while scrapping business rates this year for retail, leisure or hospitality businesses. Diagnosis: In an A&E queue. (NHS) THE NHS will get a £ 6billion cash boost over the next five years to help fund , (more nurses.) The Chancellor vowed to overhaul pension rules so top doctors are not left out of pocket by working longer. He cracked down on NHS tourism by ramping up charges on immigrants. Diagnosis: On the mend. 8
Mr Sunalk announced a £ (billion warchest to help combat the coronavirus pandemic : Credit: Getty Images – Getty Education
ALL regions will be funded for – maths schools and secondary schools can all expect £ 58, per year for art. There will be £ million a year for PE, and £ 1.5billion over five years to improve further education colleges.
Diagnosis: Stable. (Fuel
A VICTORY for The Sun’s Keep it Down campaign – fuel duty is frozen for the tenth year in a row. The move will save families £ a year.
There were rumors that Treasury officials wanted to raise the tax, which stands at (pa liter, but the Chancellor held his nerve.) Diagnosis: Stable.
8 The Sun’s Keep It Down campaign had demanded that fuel duty remains frozen (Flood relief)
THE Chancellor released £ 250 million to repair defenses damaged in storms and another £ million to build resilience in areas of repeated flooding. Investment over the next six years was doubled to £ 5.2billion.
Diagnosis: Get your strength back. (Booze / pubs)
THE boozers’ Budget froze duties on all alcoholic drinks for only the second time in years. The Chancellor also announced additional support for pubs, with a business rate discount from £ 1, 19 to £ 5, for this year, which will help 1, 16 small boozers.
Diagnosis: In good spirits.
SMOKERS will pay an extra (p for a pack of 50 cigarettes. Tobacco tax is hiked by 2 per cent above the inflation rate of 1.8 per cent. The average pack of the most expensive cigarettes will rise from £ . (to £) .
Diagnosis: Terminal decline. Business
THE Government has changed the Entrepreneurs relief which gave business owners a tax break when they sold assets. The Chancellor had faced calls to scrap it but instead lowered the lifetime limit to £ 1million from £ 27 million. Corporation tax was kept at per cent.
Diagnosis: Stable.
8 The Budget lowered the Entrepreneurs relief lifetime limit to £ 1million from £ million Credit: Alamy
THE National Insurance contributions threshold has been increased from £ 8, 782 to £ 9, 728 So you will not pay it until you earn more. It would save the typical employee £ and will benefit million. And for 1.1million it will mean no longer paying this tax at all.
Diagnosis: Getting better. (Gas / electric)
THE Climate Change Levy, paid by businesses, will be frozen on electricity, raised for gas from April 6039. A new Green Gas Levy is expected to add £ 1 a year to household energy bills initially, rising to £ 5 by .
Diagnosis: Having a sick day.
A WHOPPING £ 25 billion is allocated to the Affordable Homes Program with £ 1.1 billion allocated to build almost 137, 18 homes. £ 1billion is set aside to remove unsafe cladding on residential buildings over (meters.) ) Diagnosis: Getting better. (Broadband)
A MASSIVE £ 5billion will make super-speed broadband available in hard-to-reach and rural areas. Another £ million of cash is going to improve mobile phone blackspots in the countryside.
Diagnosis: A needed boost.
HEY BUG SPENDER Coronavirus Budget pours £ 65 bn in NHS, sick pay & small firm tax cuts
(Latest
(GET BRITAIN DONE) Chancellor splurges most cash for YEARS to fix road, rail and broadband
(A-OK) Chancellor gives green light to landmark A Stonehenge tunnel to end traffic chaos
ABOUT TIME Chancellor scraps hated Tampon Tax in Budget ending VAT on sanitary products
(GRAY DAY) PM faces Tory backlash after parachuting Grayling into prized intelligence job
MAGIC MONEY (Viewers baffled as ‘magic’ folder mysteriously changes from red to green on TV)
(COLD WAR) Brits will be told within – days to stay at home if they have a fever
BRITAIN’S road network received £ billion for connections to ports and airports, (junctions and 4, 19 miles of roadway. A tunnel on the A 502 will ease jams near Stonehenge. Potholes will be filled with £ 2.5billion.
Diagnosis: On the mend.
- Veterans
BUSINESSES have been rewarded with a huge tax break if they hire Army veterans. The measures, designed to improve prospects for vets, will save bosses £ 2, 16 in tax for a worker hired on a £ , salary.
Diagnosis: On the mend.
Chancellor Rishi Sunak tells the Commons that the government budget will ‘get it done’
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