1
Slept through the budget.
*reads headlines*
The Tories have cut tax on champagne.
*goes back to sleep*
#Budget2021
2
I know we don't often agree @JonAshworth but surely we can both be happy about the £17.6 million to transform Leicester railway station announced today at #Budget2021?
Here's a graphic to celebrate the news - let me know if you want me to RT 🙂
3
Disappointing that the MP for Leeds West didn't welcome the #Budget2021 announcement today to level up transport connections in her constituency with £20 million from the Levelling Up Fund.
It's not too late though @RachelReevesMP I've even made a graphic for you 👇
4
Evening @Ed_Miliband 👋 think you forgot to tweet about the £18.6 million announced at #Budget2021 to help level up Doncaster through the Levelling Up Fund.
There's still time though, graphic here if you need it 👇
5
Missed the full speech?
Here are 5️⃣ things you need to know about #Budget2021 and #SpendingReview.
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🇬🇧🌎 Today’s #Budget2021 delivers a great settlement that will:
✅ Boost our economic, security and development ties globally
✅ Help create a network of liberty around the world and challenge malign actors
✅ Deliver jobs, opportunities and security for the British people
7
1/ We are cutting the Universal Credit Taper Rate not by 1%, not by 2% - but by 8%. From 63p to 55p.
Click to read the full thread 🧵 #Budget2021
8
We’re increasing the National Living Wage next year by 6.6%, to £9.50 an hour.
For a full time worker, that’s a pay rise worth over £1,000.
It will benefit over 2m of the lowest paid workers in the country. #Budget2021
9
I can confirm today: the planned rise in fuel duty will be cancelled.
That’s a saving over the next five years of nearly £8bn.
After 12 consecutive years of frozen rates, the average car driver has now saved a total of £1,900. #Budget2021
10
I can confirm today that the planned increase in duty on spirits like Scotch Whisky, wine, cider and beer, will all, from midnight tonight, be cancelled.
That’s a tax cut worth £3bn. #Budget2021
11
Draught Relief will apply a new, lower rate of duty on draught beer and cider.
It will particularly benefit community pubs who do 75% of their trade on draught.
It’s not a freeze, it will cut duty by 5%. A long-term investment in British pubs of £100m a year. #Budget2021
12
By age thirty, people with poor numeracy skills are more than twice as likely to be unemployed as their peers.
So today we launch: Multiply.
Multiply is a £560m, three-year plan to improve basic maths skills and change people’s lives across the whole United Kingdom. #Budget2021
13
To support theatres, orchestras, museums & galleries the tax reliefs for all those sectors will – from today until April 2023 – be doubled.
We won’t return to the normal rate until 2024.
That’s a tax relief for culture worth almost a quarter of a billion pounds. #Budget2021
14
Tomorrow’s Budget and Spending Review will deliver a stronger economy for the British people.
I hope you find it more engaging than Nova did. #Budget2021
15
At #Budget2021 I promised to double the funding to help businesses take on new apprentices.
Today we deliver on that promise and businesses can now claim £3000 for each new apprentice they hire. It’s another important part of our #PlanForJobs.
More: gov.uk/government/new…
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New Freeports will encourage free trade and reinforce our position as an outward-looking, trading nation, open to the world. #Budget2021
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We’re launching a new Future Fund Breakthrough to help fill the scale-up funding gap. #Budget2021
18
New visa reforms aimed at highly skilled migrants, including:
👉 A new unsponsored points-based visa to attract the best and most promising international talent in science, research and tech.
👉 New, improved visa processes for scale-ups and entrepreneurs #Budget2021
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The planned increase in fuel duty is also cancelled. #Budget2021
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The planned increases in duties for spirits like Scotch whisky, wine, cider and beer, will all be cancelled. #Budget2021
21
The Super Deduction makes our tax regime for business investment truly world-leading, lifting us from 30th in the OECD, to 1st.
For the next two years, we’re allowing businesses to claim 130% of their new machinery cost as a tax cut #Budget2021
22
In 2023 the rate of corporation tax, paid on company profits, will increase to 25%. Even after this change we’ll still have the lowest corporation tax rate in the G7.
We’ll also protect small businesses so only 10% of companies will pay the full higher rate #Budget2021
23
We’ll also tackle fraud in our COVID schemes, with £100m to set up a new Taxpayer Protection Taskforce of around 1,000 investigators. #Budget2021
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We're not going to raise the rates of income tax, national insurance, or VAT.
Instead, we are freezing personal tax thresholds. Nobody’s take home pay will be less than it is now, as a result of this.
It is a tax policy that is progressive and fair. #Budget2021
25
A new policy to stand behind homebuyers: a mortgage guarantee.
Lenders who provide mortgages to home buyers who can only afford a 5% deposit, will benefit from a government guarantee on those mortgages. #Budget2021
