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SCOTLAND will receive a £1.2 billion boost as a result of the UK Budget, Chancellor Rishi Sunak has said. He said millions of families and businesses across Scotland will continue to be supported by the UK Government through a Budget that meets the moment . Mr Sunak announced the furlough and self-employment support schemes will be extended until the end of September. There will also be a six-month extension to the £20 Universal Credit uplift, a one-off £500 payment to eligible Working Tax Credit claimants and coronavirus-related income tax exemptions for employees. The Chancellor set-out an extension to the VAT reduction for the tourism and hospitality sectors.
By Jordan Marshall2021-03-03T19:32:00+00:00
Take a look at some of the key policy announcements for construction
A national infrastructure bank, ongoing covid-19 support and a longer than expected stamp duty holiday extension were all among the headlines from today’s budget.
Speaking in the House of Commons this afternoon chancellor Rishi Sunak made several announcements that are sure to impact construction.
Here are some of the key measures that will affect architects, their collaborators and clients.
Rishi Sunak made several policy announcements that will be significant for construction
Sunak confirmed the furlough scheme will be extended until the end of September with no changes to the terms. Employees will continue to receive 80% of their salary for hours not worked until the scheme ends. Employers will be asked to contribute 10% of this amount from July and 20% from August. Sunak said the furlough extension was to “accommodate even the most cautious view about