Telegraph readers on the Budget: 'UK is ahead of the EU at being able to restart our economy'
Telegraph readers have given their verdict on Rishi Sunak's Budget, including the news that furlough will be extended until the autumn
3 March 2021 • 2:15pm
Also included in the Budget was the news that the Universal Credit top-up of £20-per-week will continue for a further six months, the business rates holiday in England will continue from April until June and the stamp duty holiday will be extended until the end of June.
However, the Chancellor also announced that corporation tax will increase to 25 per cent from 2023 and income tax thresholds will freeze. The UK is also set to borrow a peacetime record of £355bn this year and it will be the work of many governments over many decades to pay back what has been borrowed, according to the Chancellor.