The Chancellor of the Exchequer, Rishi Sunak, delivered his Budget 2021 and Spending Review on Wednesday 27th October; setting out plans to rebuild our future economy.
This includes supporting our businesses by extending the Business Rates Relief for another year to 2023; supporting workers by raising the National Living Wage to £9.50 an hour; supporting our pubs and breweries by cutting duty on draught beer and cider by 5%; supporting motorists through cancelling the planned rise in fuel duty; supporting the lowest income families by cutting the Universal Credit taper rate from 63% to 55% and much more.
I am also thrilled that our Arts sector is being supported through the doubling of tax reliefs until 2023, ensuring fantastic local theatres such as the Cryer Arts in Carshalton are supported.
If you would like to get in touch with me to share your thoughts on the Budget 2021, please email me at elliot.colburn.mp@parliament.uk.
