Live as Rishi Sunak leads national briefing from Downing Street
The Chancellor used his Budget to set out a £65 billion spending package this year
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The briefing comes hours after Mr Sunak announced his Budget for the next year.
Mr Sunak set out plans to freeze income tax thresholds and increase corporation tax as he began the process of repairing the nation’s finances following the coronavirus crisis.
The Chancellor used his Budget to set out a £65 billion spending package this year and next year to support the economy as it recovers from the pandemic.
Dan Whelan
Towns such as Bolton, Cheadle, Preston and Southport were awarded a share of £186m from the Government’s £3.6bn Towns Fund, but the Budget stopped short of allocating significant new money for North West projects.
Among some of the disappointments was the Government’s rejection of a £70m funding request for the Eden Project North leisure attraction in Morecambe, while hopes that the region would be chosen as the home of the newly established Infrastructure Bank were dashed when Leeds was selected instead.
In delivering the 2021 Budget, Chancellor Rishi Sunak once again insisted that the Government is committed to levelling up the economy and “spreading prosperity across every part of the UK”.
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