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To protect hospitality and tourism jobs, the 5% reduced rate of VAT will be extended for six months to 30th September.
And even then, we won’t go straight back to the 20% rate. We’ll have an interim rate of 12.5% for another six months. #Budget2021
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We’ll continue with the 100% business rates holiday through to the end of June.
For the remaining nine months of the year, business rates will still be discounted by two thirds, up to a value of £2m for closed businesses.
A £6bn tax cut for business. #Budget2021
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As the Bounce Back Loan and CBIL schemes come to an end, we’re introducing a new Recovery Loan Scheme to take their place. #Budget2021
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We’re providing new Restart Grants to help businesses reopen. #Budget2021
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We’re taking what works to get people into jobs and making it better.
Today we’re doubling the apprentice incentive payments we give businesses to £3,000 – that’s for all new hires, of any age. #Budget2021
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Support for the self-employed will continue with a 4th grant covering February to April, and a 5th grant from May.
As the tax return deadline has now passed, 600,000 more people, many of whom became self-employed last year, can now claim the 4th and 5th grants. #Budget2021
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To protect the jobs and livelihoods of the British people through the remaining phase of this crisis, the furlough scheme will be extended until the end of September. #Budget2021
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Watch #Budget2021 live now pscp.tv/w/cw4nijFQbUtx…
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Watch #Budget2021 online at 12.30pm live after #PMQs.
We’ll also be streaming the Budget Press Conference later at 5pm.
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It’s budget day; probably not a great sign that the chancellor has asked to borrow a tenner to “see him through to the weekend” #Budget2021
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Today, ahead of #Budget2021, I spoke to just some of the millions of people who've been impacted by coronavirus.
Tomorrow, our Budget will set out a three-part plan to protect the jobs and livelihoods of the British people.
Watch from 12.30pm.
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One year ago I was preparing for my first ever Budget.
A lot has happened since then, but the promises that underpin our plan remain unchanged.
Watch below 👇 #Budget2021
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This Wednesday, in a Budget first, I will be taking questions from the public and the press straight after my statement.
Live from 5pm. #Budget2021
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🧰 The Budget will take place on 3 March 2021 and will deliver the next phase of our plan to support our recovery from coronavirus and protect jobs.
More: gov.uk/government/new… #Budget2021 #PlanForJobs