Budget 2021: Sunak raises tax on business to help repair economy after Covid - BBC News

  • 📰 BBCNews
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 97%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

“Whatever spin the chancellor tries to put on the figures today, as a result of his decisions, we’ve suffered deeper economic damage, and much worse outcomes” Keir Starmer accuses Rishi Sunak of making decisions that damaged the UK economy PMQs

Corporation tax will increase to 25% from 2023 but income tax thresholds will freeze, in the Chancellor's plans to boost the economy after Covid

Recovery will be 'swifter and more sustained' than thought, Rishi Sunak says - unemployment may peak at 6.5% in 2022, lower than the 11.9% predictedBut Labour leader Sir Keir Starmer calls it a Budget that "papers over the cracks" with no plan to rebuild the "shattered" economy Sunak confirms the furlough scheme - which pays 80% of employees' wages - will be extended until the end of SeptemberA further 600,000 self-employed people will be eligible for help as access to grants is widened5% reduced rate of VAT for tourism and hospitality will be extended for six months to the end of SeptemberStamp duty cut will continue until the end of June, with the nil rate band set at £250,000There is £400m to help arts venues in England re-open; £300m for...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

shirleymcbrinn 'The answer is staring us in the face'. Brexit.

Weak reply don’t you think

BBCPolitics Labour has some spare cash

Maybe he should read Frank Fields take on it... You know a proper Labour man

Sanctions on Israel Motion Dear Keir_Starmer and Labour Leadership, a notice that we will consider legal action if you or Labour Leadership or its Agents threatens, intimidate or bully any CLP officers to deter them from putting this motion to CLP and or to Branch meetings.

Those that wanted lockdown - THANKS A LOT hope you are paying for this as well

Masterclass in how to kick Rushis butt. Bit different to making expensive public funded videos when someone is pointing out your obvious limitations

Hey BorisJohnson susannareid100 when is parliament going back to work. I can see all of the empty seats. So it’s safe on Monday for schools and colleges to go back. So it’s safe for you all to go back

night Fix the economy AND reward the key workers? Can't do both at once you silly man

Was his next word Brexit? I didn't see it on tele and I genuinely don't know.

1000s of people can't visit their loved ones in hospital due to the covid rules. Yet the Royal Family can visit Prince Philip? Is that fair? This stinks, the whole covid is a scam

Brilliant

whatever is done YOU!!! would find fault in itThe Goverment has done its best under the circumstances Get real !!

Speaks volumes about Labours confidence in the Shadow Chancellors abilities! Hey ho never fear though he did raise the issue of Yemen in PMQs which is clearly at the forefront of urgent business facing the country today...clueless

Biased Broadcasting Corporation at it again. Must be a good budget then

err were still in a pandemic ! If he raised taxes you would have moaned !!

Labours magic money tree. The bbc is payed for by our taxes. Businesses have had furlough money. People been sitting having free money. It is 100% correct corporations pay extra in 2023.

Jesus Christ. Keir Starmer actually challenging the Tories. Have I somehow flipped into a parallel universe

Yeah right. I remember the massive pay increases all the nurses etc got during Labour's rule 🤔🤔🤔🤔

Must apologise to John McDonnell thought you were bad but Kier Starmer is even worse might have chucked crazy Doddsie in response couldn’t have a done a worse job

He is right about one thing nothing for key worker , no money for NHS which will be on their knees again when winter comes

Even if he totally agreed with the chancellor he would make a fuss as it’s his job

How dumb can you get. These people have jobs. I think Liebour are realising that they made a huge mistake in appointing him. He is totally out of his depth

Usual responses. Cheap shots aimed at making the underdogs think he is on their side. God forbid we ever have to find out what he would do.

Of course we have deep economic damage.... there's an effing pandemic devastating the planet.... businesses are closed.... people are at home..... WTF!

BBCPolitics And we will continue to suffer, due to the short-termism of this budget. As highlighted by Starmer, Sunak wants to raise taxes now, only to lower them in advance of the next election (Sunak has even suggested this to the media!).

Why bother?

Where’s the Shadow Chancellor 🤔

If Keir_Starmer is against RishiSunak's budget then it's obviously brilliant👍 What better confirmation do we need

bbc5live Sadly his response was pretty uninspiring in content and presentation. Please, will someone put up a better opposition that Sir Kier

Back to schools...

Keir_Starmer has so much confidence in his female shadow chancellor AnnelieseDodds that he kindly allowed her to remain seated and silent whilst he delivered the opposition budget statement.

Because of 2 reasons. Brexit cause economic collapse. Covid tests + lockdown at the airport hotel cause legit european workers to come and restart the economy

I still wouldn’t vote for him or his party 👍

Interesting that mps rewarded themselves with a pay rise

Didn’t think the Labour party were still going.

The only 'spin' is trying to validify what flavour Ketchup we want in our shit-sandwich.. Until the current global economic-model is seen as the head of the chicken, we'll continue to perpetuate inequality/poverty, migration/climate-change/greed/war/and refurbishments for No10..

BBCPolitics ......and you have supported the government every step of the way. Racing to the bottom = Levelling up. Destroy it all (but not for the plutocrats) = Build back better

legacybenefits! Yet again totally ignored!!

And here is the problem faced by.UKLabour and .Keir_Starmer in a nutshell: the country is led by a right of centre Government adopting left of centre policies. So there is no political ground for it to inhabit Budget21 BudgetSpeech2021

Did I hear that right, did the BBC just say wow, what an incredible budget, the future looks rosy, more jobs for the north, jobs projected, no I didn't think so. I honestly don't know how people can work there..

I thought the NHS was set up to protect the citizens of the U.K. now it’s revealed 🤔

I dont understand why so many road blocks for EU citizens especially for those who used to work for years in UK. You must change your attitude otherwise no one is coming to work in there anymore and your economy will collapse very very fast without Europe

But he still doesn’t care when they actually break the law. He’s toothless.

Wasn't too long ago he was backing the government in every thing they've done during this pandemic... Now he isn't.. Don't really know what he for,.. Is he related to nicola sturgeon

Starmer has lost the plot, does not have a clue!!! appleairpods

No wonder theyve got masks on , robbing the country!!

Keir Starmer's rhetoric is a pile of negative and depressive nothing burgers. 'he did this, she said that, they are doing this' nothing salient and a complete waste of space.

Oh yes that firebreak lockdown that wales imposed, when England didn’t. I remember that being about as effective as a firebreak...made of chocolate

night UKLabour are lost cause

Where’s The shadow chancellor? Not trusted to respond?

Ok, whose hidden ‘Doddy’?

BBCPolitics Punishing the poor while protecting the wealthy!

Bless him he had to think of something to say.

BBCPolitics Starmer simply doesn't have any arrows to fire. He is an irrelevance.

BBCPolitics People see through this doomster starmer... labour are busted.. sunak has done a fantastic job... the red nationalists are finished.

BBCPolitics Stupid people might ask that. Smart people will know we calculate GDP differently and that we have a different economy to those we are being compared to. Labour hope you don't know that.

He hasn’t papered over the cracks - he just ignored them and lied about their existence as per usual. Keir_Starmer you need to grow some backbone and call him out on the lies and why he is denying UK tax payers support excludeduk

Keir Starmer needs to move on, let someone else take over before it's to late, he is losing support fast, need someone to take on the Tories, and he is not the person

And just where do Labour think All the Money is coming from eventually it All has to be paid back and guess who will be paying it back The British Tax Payer one way or another . Labour always take the word Opposition too far .

Nothing from the shadow chancellor? A man with faith in his team?

Starmer and labour coming out with useless rubbish as usual. Their solution is just to throw money that we dont have at people. It would be lovely if everyone could have a payrise, but we're 2 trillion in the hole.

I’m not a Tory, in fact I’m a Labour supporter but kinda happy tories in charge during this pandemic as Labour would’ve doubled national debt!

night

Ok smarmy starmer what's your policies?

Lets be fair, both parties are absolutely shit.

We all know Labour would pull the country into bankruptcy. It’s all they’re good at.

What does Captain Hindsight think the earlier, stricter, longer lockdown Labour APPARENTLY wanted would have done for the UK economy? They really are an insult to our intelligence. Still unelectable.

When private sector workers are losing their jobs and seeing businesses close, the Labour Party demand pay rises for public sector workers who have guaranteed jobs and have been on 100% salaries for the past year. Trade unions are demanding a return on their Labour donations.

bbc5live Again labour living off a money tree, starmer is useless and totally not credible

0:19 who bocked

It's an outstanding budget that protects jobs, helps businesses and sets our economy back on its feet again. Stop the endless carping and support the government's considerable efforts for once.

Interesting change of Labour policy with Starmer’s attack on Brexit failures in response to Sunak’s budget speech.

Whatever.

Decent reply to budget from Starmer, highlighted some of the ‘gaps’ in the budget.

Starmer showing he is inept as Corbyn

Wud Starmer prefer to have tax rises now ..yes probably

Kier attacks but I still don’t actually know what Kier’s own polices are ?

SNP & CURRENCY: They won't want you to see this video. Canvasser Coaching - How to handle the question of Indy currency... AVOID IT & CLOSE THE CONVERSATION ResignSturgeon SNPcorruption

typical Keir... jingoistic soundbites with nothing of fact behind them. he is all marketing and no product.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines