Budget 2021: what you need to know

byblognet -3/02/2021 04:54:00 PM

0

Chancellor of the Exchequer Rishi Sunak is set to deliver the UK Budget for 2021 at around 12:30pm this afternoon.

This will be the first Budget in nearly a year, after the planned Autumn Budget was cancelled in 2020 due to the coronavirus pandemic.

We’ll be covering the Budget live right here when it kicks off. Refresh the page for the latest updates on what the Chancellor announces, and what it really means for your money.

Join the conversation on today’s Budget by tweeting us @WhichMoney

What to expect from the Budget

The Treasury has already confirmed a number of today’s planned announcements. These include:

95% mortgage support: addressing the fact that 95% mortgages have all but dried up since the coronavirus crisis hit, it’s been confirmed that the Treasury will underwrite 95% mortgages on properties with a value of up to £600,000.
New ‘green’ NS&I savings account: an opportunity to invest in the UK’s green recovery. Find out more here.
Continued coronavirus support: for high street shops, hospitality and other hard-hit industries.

In an unusual move, the Chancellor has released a promotional video ahead of this year’s Budget, looking at his year in post and hinting at what he may announce.

One year ago I was preparing for my first ever Budget.

A lot has happened since then, but the promises that underpin our plan remain unchanged.

Watch below #Budget2021 pic.twitter.com/IccH1GwDTJ

— Rishi Sunak (@RishiSunak) March 1, 2021