Budget Summary 2021


On Wednesday 3rd March 2021, Rishi Sunak delivered his second budget to Parliament.  The Chancellor began by stating that the Government’s response to Coronovirus was working and that the economy was expected to return to “pre-covid” level by the middle of 2022, however the economy would be 3% smaller in five years’ time than it would have been.

He went on to announce extensions to support schemes such as the furlough scheme, SEISS grants and universal credit uplift, as well as a rise in the national living wage, funding for domestic abuse programmes, and further hospitality and leisure grants.

Main points announced in the Chancellor’s budget

Covid-19 – Support Schemes and Grants

Business Taxes

Income Taxes



If you have any questions about how the budget will affect your personal or business taxes, don’t hesitate to contact us.

Book a free call

Leave your details and we will email you to arrange a call back to discuss your accountancy needs.