BUDGET 2021 AT A GLANCE: The key points from Chancellor Rishi Sunak’s speech 

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BUDGET 2021 AT A GLANCE: The key points from Chancellor Rishi Sunak’s speech

By Alex Sebastian For This Is Money

Published: | Updated:

Chancellor of the Exchequer Rishi Sunak got to his feet in the House of Commons shortly after 12.30pm to deliver the crucial speech on his plans for taxation and spending as Britain recovers from the coronavirus pandemic.

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Chancellor of the Exchequer Rishi Sunak outside number 11 Downing Street ahead of the Budget

The Economy  

 

  • Sunak said Covid-19 has ‘fundamentally altered’ our way of life, telling the Commons: ‘Much has changed, but one thing has stayed the same: I said I would do whatever it takes – I have done and I will do.’
  • He told MPs that the damage coronavirus has done to the UK economy has been ‘acute’ as he began his statement.
  • Sunak added it will take the UK and the whole world a “long time to recover from this extraordinary economic situation, but we will recover.”
  • The Chancellor said more than 700,000 people have lost their jobs since March 2020 and the economy has shrunk by 10 per cent, the largest fall in more than 300 years. 

 

 

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