Finance minister Rishi Sunak on Wednesday announced a costly extension of his emergency aid programmes to see the economy through its current coronavirus lockdown, but announced a tax hike for many businesses from 2023.
Rishi Sunak Budget speech singles out Teesside as optimistic and ambitious for the future
On a huge day for Teesside, the Chancellor announced a Free Port and Treasury Jobs would come to the region
14:41, 3 MAR 2021
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People on Teesside are optimistic and ambitious for their future , Rishi Sunak has said. The Chancellor announced a Free Port for the Tees in the Budget, as well as revealing Darlington is the location for a new hub of Treasury jobs.
Rishi Sunak has set out plans to freeze income tax thresholds and increase corporation tax as he begins the process of repairing the nation’s finances following the coronavirus crisis. The Chancellor also used his Budget to set out a £65 billion spending package this year and next year to support the economy as it recovers from the pandemic. Here are the key points from his 51-minute House of Commons address: The economy – The Chancellor said.