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Budget fails to tackle poverty & climate change, say isles politicians


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POLITICIANS in Shetland have criticised UK chancellor Rishi Sunak for unveiling a budget which they say fails to address key challenges including poverty, climate change and mitigating the impact of Covid-19 and Brexit.   
Headline measures included in the budget included confirmation that the furlough scheme will continue over the summer, while a £20 a week uplift in universal credit have been extended until September.
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Corporation tax on profits above £50,000 will increase to 25 per cent in 2023, while tax allowances have been frozen meaning that workers will ultimately pay more income tax.
The UK Government has injected hundreds of billions to help the economy cope with the impact of Covid-19. ....

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Budget 2021 sets path for recovery | HM Treasury


HM Treasury
Budget 2021 sets path for recovery
In a Budget which ‘meets the moment’, the Chancellor has today (3 March) set out a £65 billion three-point plan to provide support for jobs and businesses as we emerge from the pandemic and forge a path to recovery.
Chancellor’s three-point plan to protect jobs and strengthen public finances
billions to support businesses and families through the pandemic
investment-led recovery as UK emerges from lockdown
future changes to strengthen public finances
Chancellor of the Exchequer Rishi Sunak said his immediate priority continues to be supporting those hardest hit, with extensions to furlough, self-employed support, business grants, loans and VAT cuts – bringing total fiscal support to over £407 billion. ....

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Capital Gains Tax: Rishi Sunak's Budget may mean 'stealth' change to CGT | Personal Finance | Finance


| UPDATED: 14:48, Tue, Mar 2, 2021
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Capital Gains Tax (CGT) is a levy charged on the profit made when someone sells an asset which has increased in value. It is the gain a person makes which is taxed, rather than the amount of money they receive, but some assets will be tax free. With increasing speculation Mr Sunak could change aspects of CGT tomorrow, some may wish to consider what this will mean for them.  ....

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