Budget Speech 2021 - GOV UK gov.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gov.uk Daily Mail and Mail on Sunday newspapers.
A year ago, in my first Budget, I announced our initial response to coronavirus.
What was originally thought to be a temporary disruption to our way of life has fundamentally altered it.
People are still being told to stay in their homes; businesses have been ordered to close; thousands of people are in hospital.
Much has changed.
But one thing has stayed the same.
I said I would do whatever it takes; I have done; and I will do so.
We have announced over £280 billion of support, protecting jobs, keeping businesses afloat, helping families get by.
Despite this unprecedented response, the damage coronavirus has done to our economy has been acute.
Green growth or greenwashing? Business leaders react to Rishi Sunak s 2021 Budget edie.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from edie.net Daily Mail and Mail on Sunday newspapers.
£12bn capitalisation confirmed for Leeds-based Infrastructure Bank
Creation of the UK’s first Infrastructure Bank will unite the private sector and local government in a shared mission to accelerate investment in the country’s infrastructure, according to chancellor Rishi Sunak.
During his Budget speech, Sunak discussed the importance of rebuilding the economy post-Covid and said: “This future economy won’t be created in any one Budget but today we lay the foundations. Our future economy needs investment in green industries across the UK, so I can announce today the first ever UK Infrastructure Bank.
“Located in Leeds, the bank will invest across the UK in public and private projects to finance the green industrial revolution and starting this spring with an initial capitalisation of £12bn and we expect it to support at least £40bn in total investment in infrastructure.”
4 of the biggest budget points for UK engineering 03 Mar 2021
Professional Engineering
Offshore wind, apprenticeships and innovation were big topics for engineering in the 2021 UK budget (Credit: Shutterstock) The 2021 budget was always going to be dominated by one huge issue – recovery from the Covid-19 pandemic.
“Repairing the long-term damage will take time,” said chancellor Rishi Sunak in the House of Commons today (3 March). Describing each one of the 700,000+ jobs lost as a “tragedy”, he announced an extension to the furlough scheme to September. Other measures for businesses included a new loan scheme and a £5bn ‘restart grant’ to help companies get back to work.