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Sputnik International
Chancellor Rishi Sunak has unveiled crucial Budget to pave way for the economy to recover from coronavirus
Income tax thresholds are being frozen until 2026 and corporation tax will rise to 25 per cent from 2023
Some 1.3million will be brought into basic rate of tax and another million will move into the higher rate
The massive furlough scheme will be extended again to the end of September along with other bailouts
The government s total spending on response set to reach an unimaginable £407billion by end of next year
Mr Sunak vowed to do whatever it takes and use full fiscal firepower to help the economy bounce back
In today s Budget, the Chancellor Rishi Sunak will extend the job protection scheme for an extra five months beyond the current deadline at the end of April.