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Chancellor Rishi Sunak has set out an extra £65bn in COVID support for employees and businesses – but announced a freeze on income tax thresholds and a rise in corporation tax to help pay back the UK’s rising debts.
In his 2021 budget speech, Mr Sunak set out a three-part plan to “protect jobs and livelihoods of the British people”.
But he warned that “corrective action” would be needed to tackle the UK’s rising debt, as he set out how the government was now committed to spending £407bn on coronavirus support.
Read more on the Budget here:
🔴 Analysis: https://trib.al/qEayJqf
🔴 Key points: https://trib.al/xAprR7N
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