| UPDATED: 15:35, Fri, Mar 12, 2021
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Chancellor Rishi Sunak set out his Budget earlier this month as the UK economy continues to suffer during the pandemic. He announced various policies, including an increase in corporation tax from 19 percent to 25 percent by 2023 – sweetened with £25billion incentives for businesses. Pension lifetime allowances will also be frozen as Mr Sunak looks to increase the amount of people paying duties via a stealth tax. However, the Budget was largely light on major tax changes, despite fears the self-employed could be targeted.