about government plans for foreign travel and when we come into a positive case what will happen. in schools entire class bubbles will not be sent home. we have lived under restrictions that we could not have imagined, and today borisjohnson signalled it is time to get back to normal. vicki young, bbc news. let s get some of the day s other news. germany has lifted its ban on travellers from the uk entering the country. from wednesday, people who ve had both vaccine doses won t have to quarantine. the changes also apply to people travelling from portugal, russia, india or nepal. indonesia s government has agreed to boost its coronavirus budget and introduce phone consultations to non critical patients, in an effort to reduce pressure on its overwhelmed healthcare system. the country is battling one of asia s worst coronavirus epidemics, fuelled by the rapid spread of the highly contagious delta variant.
The UK was previously bound by the £45 cap on contactless payments enforced by the EU.
Chancellor Rishi Sunak, said: As we begin to open the UK economy and people return to the high street, the contactless limit increase will make it easier than ever before for people to pay for their shopping, providing a welcome boost to retail that will protect jobs and drive growth across the capital.
10.04am update: Sunak given stern warning not to break tradition
Rishi Sunak is taking the extraordinary step of announcing his Budget in a televised No10 briefing shortly after addressing the House.
He will take questions from both the public and journalists.
March 3, 2021
Calling it “the biggest business tax cut in modern history” in his budget speech, Rishi Sunak, the UK’s chancellor of the exchequer, announced a “super-deduction” for companies, inviting them to spend the mountains of cash they’re sitting on.
The super-deduction will allow businesses to deduct up to 130% of new capital investment from their overall taxable income. An auto-parts manufacturer buying new plant machinery for £1 million, for example, will be able to deduct £1.3 million from taxable income. The super-deduction regime, which will run until March 2023, will let companies cut their tax bill by up to 25p for every £1 they invest. In total over the next two years, companies are expected to benefit to the tune of £25 billion ($35 billion).
What to expect from the UK Budget 2021 What to expect from the UK Budget 2021
Joshua Warner March 1, 2021 6:46 AM
The UK has already unveiled its roadmap out of lockdown and this week we find out the financial plan to go with it. We outline what to expect from the UK Budget to make sure you’re fully prepared. Share:
Are you ready for the Budget?
Budgets are often market-moving events but the exceptional circumstances means this one could have a bigger impact than usual. GBP, the FTSE 100 and stocks will be among the assets responding to the news that comes out on Budget day.
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