Unveiled on 03 March the aim of Chancellor Rishi Sunak’s first budget since the UK exited the EU was to build the economy of the future support a national reeling from devastating health situation. Among the key measures announced are an extension of the furlough (short-time working system) until the end of September, corporate tax breaks and incentives, and a new scheme to encourage employers to hire apprentices.
“First, we will continue doing whatever it takes to support the British people and businesses through this moment of crisis. Second, once we are on the way to recovery, we will need to begin fixing the public finances – and I want to be honest today about our plans to do that. And, third, in today’s Budget we begin the work of building our future economy”: thus the principles underpinning the Chancellor’s action plan that was unveiled on 03 March.
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